Silicon Valley/San Jose Business Journal reports: Lenders recovered almost 60 percent of the loan value for properties that were foreclosed in 2009, according to an analysis by Real Capital Analytics.In a report released Thursday, the New York firm said lenders recovered $1.9 billion on 145 defaulted commercial mortgages totaling $3.2 billion.In an indication that more is yet to come, Dan Fasulo, managing director for Real Capital, said in an e-mail, "For the entire U.S. we have only been able to track 145 recovery rates — that’s how little of the distress has been cleaned up until now."
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