Frank DeNovi: Upscale foreclosures are changing the game

Foreclosures, once unheard of in higher-end properties, are now common. That places an entirely new set of demands on REO specialists, not all of whom have the skill sets necessary to market upscale properties. Here, REO specialist Frank DeNovi of the DK Home Team talks about the growing number of higher-priced foreclosures and what’s necessary for lenders to market them and mitigate their losses.

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