Investment banks could well continue to resist selling assets atdeep enough discounts -- certainly they haven't in any numbers thusfar. Investors, for their part, may decide the market has bottomedout before it actually does -- and pay too much for assets thathave more risk attached to them than first realized.

That latter scenario is David Schechtman's biggest concern rightnow. A broker with Eastern Consolidated, he tells GlobeSt.com thatit is a question he constantly gets as he shows product in the NewYork area. "I can tell you people's number one fear is that valuestill has much further to slide."

Much depends on the location of the asset, he continues."Outside of New York, the discounts are very deep and the time mayfinally be ripe for those to go to market. However in the tri-stateregion there remains a tremendous disconnect between buyers andlenders of non performing loans and assets." Banks that are holdingon to these assets are refusing to make the final – and necessary –cuts in price for trading to truly begin, he says.