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Jeffrey B. Steiner, a member of DLA Piper LLP (US), and Zachary Samton, counsel to the firm, write that in the current economic environment, special servicers are likely to play an increasingly larger role in the commercial real estate finance market. Consequently, they note, understanding their rights, duties and authority (both legal and contractual) has become more significant for all parties to a securitized mortgage loan and should not be overlooked or underestimated.
November 19, 2008 at 12:00 AM
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