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If 2009 was the year of the residential foreclosure, 2010 may very well be that year for commercial properties. "As loans mature and lenders and borrowers fail to reach agreements on modifications, extensions or workouts, more large-scale, high-value retail and office developments are being faced with foreclosure, and we expect those numbers to continue to rise for the next 12 to 24 months," says Thad Armstrong of Houston's Thompson & Knight, who represents lenders in commercial foreclosures. "With the sheer number of properties that will be changing hands, there will be attractive business opportunities for investors, tenants, property managers, brokers, and title companies." Armstrong notes that lenders should engage legal counsel with particular expertise in foreclosure laws, which can vary by state. "One misstep could jeopardize the validity of an entire sale." To interview Mr. Armstrong, contact Barry Pound at 800-559-4534 or barry@androvett.com.