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For all of the talk about greedy banks and how the government is looking out for the innocent citizen victim, it is strikingly amazing to learn that there are more privately backed loan modifications during the past two years than there were modifications backed by the government. Once again, the onus will be on you, the virtual real estate wholesaler, to ensure that the virtual closing agent you hire is not only competent, but also operates well within the confines of real estate laws.
Realtors everywhere have been suffering through the crisis, laying off staff, taking major losses, and cutting corners in every direction. By its very nature, commercial real estate has the advantage of lower vacancy risk, because it always involves two or more units.
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