Special servicers seem to be picking up their pace. As they continue their daunting task of managing distressed commercial mortgages, special servicers are finding new ways to work through bad loans. Many are continuing to modify and extend loans; others are trying to dispose of properties through sales that avoid the expensive, time-consuming foreclosure process. All of this means that investors who have been waiting for distressed properties to hit the block may finally have more options ahead of them.
