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Loan Extensions: Bridge to Nowhere?

[The supposition behind all of this activity is that asset values are, somehow, temporarily depressed]

I don't operate in the commercial arena, but I can tell you that on the residential side, this is absolutely the case.

Between lenders unwilling to willingly offer principal reductions and borrowers who want to "keep the home and hang on until the economy turns around (and prices recover)," the level of stark denial amongst those with skin in the game is unbelievable.