Net recovery value.

CFR · 2024-01-01 · US · Title 7

The net recovery value of the property is determined differently for properties that have been sold than for properties that remain in the lender's inventory at the time the loss claim is filed. (a) (1) The proceeds from the sale plus any other amounts recovered, minus (2) The amount of actual liquidation and disposition costs provided those costs are reasonable and customary for the area. Costs incurred by in-house staff may not be included. (b)

official document · source cfr-2024 · id 7:§ 3555.353