NEW YORK CITY-There are more instances of property owners handing assets back to lenders, but it's not nearly as prevalent as loan modification. In fact workouts are accelerating rapidly, says David Rifkind, principal and managing director at George Smith Partners.
The only thing slowing up the process is the demand put on swamped special servicers to see through the process, he says. Rifkind spoke to Real Estate Forum Editor Sule Aygoren Carranza for GlobeSt.TV.
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