Are We Facing Another RTC-like Situation Soon?

[R G]

I'm a commercial multifamily/apartment investor. I imagine that banks/lenders are/will be taking possession of foreclosed M/F buildings in addition to all the SFHs. So, when will the lender's threshold for pain increase to a point where they'll be willing to significantly write down properties? I'm in Maryland and haven't seen it yet. Understand lenders were waiting on a government bailout....it didn't happen. Now they have all these properties and a simultaneous need to increase their balance sheets. So, will we be seeing write-downs to 50 cent on the dollar anytime in the next year? Or will they only marginally discount properties and try to sell them via agents? Do we expect to see multifamily foreclosed properties get written down? Thanks in advance.