Pardon my ignorance but I was wondering if anybody could give me some advice or direction on a situation I have. I have been in real estate business primarily in the area of commercial appraisal and residential brokerage for the last 20 years or so (yea I know it sounds funny).

Anyway about 5 years ago I became disabled and unable to go out in the field any longer. So I started doing BPOs from home with the assistance of an outside agent. During this time I created strong relationships with most of the banks.

Now I am finding that I am hearing about commercial foreclosures from them before they are listed with a broker. I feel that this is something to capitalize on. These are properties that are not yet on the market. This situation exists for these properties for a very short time window as they want to get them listed and sold to get off their books. I cant list them as they want to always go with the big boys, and I dont have the buyers as such I dont know how I would get paid. But the knowledge of these tempoarily off market properties I would think would be worth something. Maybe if an agent brings a buyer I can get a one time showing listing agreement I dont know.

I am looking for investors that can act quickly to purchase thes properties at steep discounts before they are listed, people that have to act fast on these opportunities.

Any advice or direction would be appreciated as I get sick wathing all these properties slip through the cracks to get marked up once brokers get a hold of them.

If I know how banks operate with REO's, they'll probably just tell you to wait until it's listed with a broker, and make an offer then. banks are very procedure oriented, and don't like deviations.

Banks are very procedure oriented, but they want toxic assets off the books. We work with a few banks for not only the toxic assets but for assets that they feel are "at risk", meaning they feel that they fall within a certain category and may become toxic in the future.

Are these properties true foreclosures or are they on the verge of foreclosure? I would be interested in learning a few more details on what you've got.