Fullerton CA -Vanguard Commercial Real Estate Inks deal with Wachovia Commercial Lending to service Southern California REO portfolio

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 26, 2010 --

Vanguard Commercial will be handling the management and sales of commercial property owned by North Carolina based Wachovia. These Commercial REO (Real Estate Owned) properties are located in various cities in Southern California. Vanguard's president Cameron Irons said that Vanguard has created a simple package for lenders were Vanguard provides the brokerage of the property and 6 months of asset and property management for a fixed percentage fee. Vanguard can take over the day to day operations of the property, evict any occupants and secure the property for sale. Vanguard can arrange for repairs or improvements and many times will negotiate a short term lease of the property to keep it occupied during the marketing period. Vanguard is perfectly suited for this since it is a small fully integrated commercial Real Estate Company with Asset and Property Management division as well as Brokerage. They also have a team of architects and contractors as well as contacts inside local governement ot streamline permitting processes. Vanguards Location in North Orange County lies in the Center of Southern California with easy access to LA, Orange, Riverside and San Bernardino Counties.

Irons says that the system they created for Wachovia is available to other lenders. "We created it so that it could be expanded" "The next year or two is going to see a lot of commercial REO's; we are just seeing the beginning" "Our package of management and sales just makes sense since the manager and broker need to communicate so closely, especially when properties are tenant occupied."

###

For more information contact Cameron Irons, President Vanguard Commercial 714.446.0100 x111 or email cirons@vanguardproperty.com

commercial property     reo bpo companies     Southern California