Aug
13

Banks Coming to Grips with Toxic Assets

By
– National Real Estate Investor

Are banks and other financial institutions playing a game of hide the pea with their troubled commercial real estate properties? Douglas Wilson, a self-described serial developer turned workout specialist and receiver, believes that is indeed the case.

“They don’t want to get these assets out. They don’t want to foreclose and take a hit on their balance sheet, but at some point there has got to be a resolution,” said Wilson during a panel discussion on foreclosures at the National Association of Real Estate Editors conference in Washington, D.C. in June.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://nreionline.com/commentary/firstword/toxic-assets-0729/

Be Sociable, Share!
    Categories : National News

    Comments are closed.