Bruce Sturman Managing Director

FOR IMMEDIATE RELEASE
Manhattan, New York, United States of America (Free-Press-Release.com) March 4, 2011 -- According to Bruce Sturman, last year few financial institutions were selling distressed RE debt.
Last year at this time, only a few financial institutions were willing to sell distressed real estate commercial debt. Today, many of these banks have seen sizable increases in profitability, allowing for them to recognize losses on distressed debt.

Bruce Sturman says,"last year at this time, only a few financial institutions were willing to sell distressed real estate commercial debt. Today, many of these banks have seen sizable increases in profitability, allowing for them to recognize losses on distressed debt".

For example, the largest banks in the country, which include Bank of America, Citicorp, JPMorgan Chase, Wells Fargo and U.S. Bank, have reported record profits; subsequently, the effect of selling a debt at a loss is hardly recognized on their balance sheets.

In other instances, many banks that are listed on the troubled bank list of the Federal Deposit Insurance Corporation have been required by the FDIC and other regulators to shore up their balance sheets by the sale of distressed debt. Suddenly, the major asset class being offered for sale by national and local investment sales brokers is distressed debt.