Commercial Property


#1

Does Foreclosure Radar track commercial property? I am finding examples of property that have NODs but its not on the radar…


#2

Yes, We absolutely do! If you find a NOD that we are not showing please let us know immediately so we can research and correct.


#3

Hi Sean,From your experience are many of the commercial deals done with recourse (so they will end up in front of a judge) or nonrecourse and as such be posted on fclradar? what % is judicial/nonjudicial? Also when it goes w recourse does it then get auctioned off (after the judge orders a sheriff sale) the same way as a trustee sale does?this is for CAthanks


#4

To my knowledge the bulk of commercial deals use non-judicial foreclosure as well. By using non-judicial they do still give up their right to recourse, but the amount of time required for a judicial foreclosure will usually outweight the benefit of recourse. ? And yes, a judidical foreclosure will result in an auction.