There r many reasons for abanded buildings, but if u are intrested in foreclosures do contact me as i might have some thing for you.
Wishing you a Happy New Year' 2009

grandfinance@gmail.com

Unfortanately it takes time for them to run through the process. Some are abandonded by the owner and teh bank process hasnt caught up with it yet. others can be stuck between ownership as one bank takes it back, the private mortgage insurance company buys the asset from the bank and has to await clear title. there are many reasons for the delays, sometimes it doesnt make any sense....

Dereck,

You'll need to understand commercial loans, ownership and asset protection and you'll need a goal for purchase, often referred to as "exit strategy".

You will need 30% down to qualify for conventional financing.

There is a myriad of reasons why they might be vacant. They might be in foreclosure, owned by the City, in tax foreclosure, the US Marshalls office may have seized the property, etc., etc. Are you looking to purchase an investment property? Please contact me at your earliest convenience. Happy Holidays to you and your family.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009