NEW YORK CITY-There are more instances of property ownershanding assets back to lenders, but it's not nearly as prevalent asloan modification. In fact workouts are accelerating rapidly, saysDavid Rifkind, principal and managing director at George SmithPartners.
The only thing slowing up the process is the demand put onswamped special servicers to see through the process, he says.Rifkind spoke to Real Estate Forum Editor Sule Aygoren Carranza forGlobeSt.TV.
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