Even in the same local market various types of commercial properties can be at different points in the recovery cycle and are underwritten differently. 

It's legalese, but a default judgement without actual physical service will only give you an in rem recovery option i.e. the right to evict, not recover money damages.You might have to hire an actual process server to get that good service on her in order to get a judge to grant a garnishment or some other recovery method.

I've done student rentals in SFH land, and a turnover means a pretty decent rehab at a non-party college known for how little the students do outside of coursework (the athletics program is a running joke, the majority of the student body is actively hostile towards frats, etc).

There's still room for more recovery.

So many articles have the headline "when will housing recover". I

But with prices still relatively low, with a significant increase in drilling activity here, would we even give oil prices a chance to recover? I

They want the safety of the market today in the recovery but want the returns that came with the risk of the past (unrealistic).Those properties might be one in a 1,000 in the current market.As a broker and investor I want to maximum my time and return on investment.

., financing, cash flow, cost recovery & resale.

Were you ever an athlete?

I agree that this is one of the strangest situations I have ever seen.I have tried to figure out what would motivate a bank to follow this predictable path not once but multiple times.Maybe it is just wishful thinking on the part of the lenders... as they all seem to still have their head in the sand regarding any sustainable recovery and home prices stablizing let alone increasing.