That's less than 24 months recovery which is unbelievable. 

I'm not sure when this article was written but I must say that from what we see globally, including Memphis, Real Estate is Not at 30 years low.There are always areas that are legging behind,while in the last 3-4 years most RE Markets experience reasonable growth, having Wall Street jumping in probably contributed to RE recovery we seeing now.

Hi @Brandon L.The people who reported this delinquency to the credit bureau i believe goes by one of these two names:Account Resolution Services, LLCHealthcare Revenue Recovery Group LLC Account Resolution Services, LLCI believe the original debt was charged off by the original creditor ( the hospital ) and bought by these people.I am not sure how it all works.

A few suggestion;- Deferred maintenance: How much life is left in the roof, heating, etc; just like any other RE- How has leasing been structured: Y-to-Y, 3 Y terms, Escalations, Recoveries, Options, etc- For the 'strength' of the tenants, if they are smaller tenants as I suspect, look at how long they have been at the property.

Just wanted some insight from the BP community.A quote from cnbc.com, "Sales of new U.S. single-family homes rose more than expected in April and the stock of houses on the market hit a 3-1/2 year-high, further signs the sputtering housing recovery was poised to regain steam."

Portia - a homeowner may sell at any time before a foreclosure sale and they may opt to sell in bankruptcy as well - this may be the best recovery option for the creditor(s)!!

This particular property is owned by a local alcohol and recovery organization.

I am a life long fitness enthusiast and competitive athlete having competed nationally in Wrestling and Rugby, locally in dozens of other sports. 

Anything beyond the profits would of course be added to my recovery amount.If he ever wants to sell we'd get 3 independent appraisals to determine an appropriate sale price and I would buy him out. 

I personally bought 2.2 million worth of new construction in 2005 2006  there by writing off about 1 mil those two years and used those tax savings for my down payments. rather put it to the property than pay the tax  once you pay the tax it does you no good.In MS and LA many many business rebuilt or bought new facilities which stimulated the recovery and this would happen here in Houston like it was on steroids I bet.