MarinaMan

More Commercial RE Foreclosures [Housing Tracker]

But logic has to tell you that a commercial income property is worth more if it's producing an income. Who wants a locked-down or vacant income property? I think that lenders and bankruptcy courts are smart to preserve the income streams. At least, that's the way it is with marinas - let the income keep flowing in!

With a specialized property, you need a specialized management company. We manage marinas, but there are golf course management companies, hotel management companies, etc.

Stan Underwood
Sanctuary Marinas International
sanctuarymarinas@usa.c...

11 Places to Find Foreclosed Real Estate

I just don't think the bottom is in sight yet.

11 Places to Find Foreclosed Real Estate

I'm struggling with the (so far) impossible task of finding the contact info on the REO department heads, who oversee the operations and asset preservation of MARINAS. My company, Sanctuary Marinas International, operates and manages marinas for their owners. I'm sure we're coming into the time that lenders will need to contract out ongoing management of marinas - at least until the market turns around and they can resell the marinas for something close to a same price. If not, WE will buy them!

sanctuarymarinas@yahoo...