DALLAS-After several quarters where thousands of distressed properties were transferred into special servicing, the pace of transfers has moderated, and resolutions are catching up, according to experts who spoke at the 2nd Annual RealShare Distressed Assets conference here at The Adolphus Hotel.
More than 350 executives attended the conference, which was produced by ALM-Real Estate Media Group. The pace of transfers and resolutions was discussed during the conference’s featured presentation: “Meet the Special Servicers.”
“If you look at the pace of transfers and the level of distress in 2010, it would be a record year if not for 2009,” said Kevin Donahue, senior vice president of Midland Loan Services Inc. “That seems to have moderated a bit, and the pace of resolutions seems to be catching up to the pace of transfers. The ratio used to be 4:1.”
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