What isn’t discussed as often are the business mortgages, but they do default just like home foreclosures. Commercial property values generally lag 12 to 18 months behind residential properties which means that when home properties start appreciating, it won’t make a dent into the steady commercial property decline that includes office buildings and malls.
http://www.floridatoday.com/article/20090705/BUSINESS/907050314/1006/NEWS01/
