Foreclosures on the Commercial side are the next melt down problem that has to be delt with…
Only 10 percent of the $41 billion of distressed commercial real estate from a year ago has been resolved and is no longer held by the lender, according to data released this week by the research firm Real Capital Analytics. I wonder if they are working on Short Sales and loan modifications in the same lame fashion ?
The findings show that the majority of distressed commercial real estate loans held by commercial-mortgage backed securities (CMBS) trusts and domestic lenders this time last year are still classified as distressed.
