cell phone tower bank owned property

by Donelle
(Armada, MI USA)

I would like to know if there is any options for a tower that is on a piece of bank owned property. The lease seems to still be in the name of the person that foreclosed on the property. My father is trying to purchase the property, is there any way to get the lease to go back to the property owner? Once he has purchased it. Thank You!

Comments for cell phone tower bank owned property

Average Rating starstarstarstar

Click here to add your own comments

Mar 09, 2011
Rating
starstarstarstar 		Bank owned cell tower lease
by: Tower Genius

Donelle, just as if you purchased a foreclosed apartment building with tenants renting multiple units once you purchase the building, they should transfer to you, the new owner. Just make sure that the previous owner did not sell the lease cash flow to a buyout company before you purchase it. They bank should be able to tell you who is collecting rent currently. Chances are that when someone is in financial trouble a bank would not allow them to sell the cell tower lease unless they used it to pay down what they owned on their mortgage.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Cell Tower Lease Forum.

Find out from Tower Genius how we help landlords and property owners in the USA  maximize cell site lease values and get the best possible terms for:
  • Cell tower lease agreements 
  • Tower lease extensions 
  • Cell site upgrades 
  • Small cell proposals 
  • Lease amendments 
  • Tower lease buyouts offers 
  • Rooftop lease buyout offers 
  • Rooftop cell site audits 
  • Lease Agreement defaults 
  • Cell tower valuations 
  • Rent reduction solicitations 
  • Lease optimization questions
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • DISH Network
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Harmoni Towers
  • Tillman Infrastructure
  • Black Dot, Md7, Lyle Company


Need help with your cell tower lease?

1-888-313-9750

Wireless Telecom Consulting & Transactional Coaching for Landlords and Landowners.

Contact Tower Genius
Please note that all fields followed by an asterisk must be filled in.

Like this page? Show a little Social Love. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.