GRAPEVINE, TX-It was not just the banks that caused the recession in commercial real estate, borrowers who didn't know how they were going to pay loans back need to take some credit as well, said J. Lynn Burkett, senior asset manager at Cohen Financial. He spoke here at the recent RealShare Distressed Assets conference with GlobeSt.com's John Salustri.
Also brought up in the conversation:
- The timeframe of commercial real estate foreclosure sales.
- How the courts impact foreclosure sales.
- The current status of extend and pretend.
- How commercial real estate loans now coming due will be handled.
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