What is a recapture rate?

Mortgage lenders are in business to loan money, and would like the opportunity to “recapture” the loan on properties they’ve taken ownership of in foreclosure. REO specialist Frank DeNovi advises buyers of the special incentives that his client lenders are offering buyers. Paying close attention to lender “recapture rates” is one of the little-known activities of an REO specialist, Frank says.

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