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.

Wish I was around  the last 5 years to be part of the market recovery.  

I have bigger aspirations for myself than my parents do and they want me to choose a safe route that will assure I can pay $500/month for my student loans (I had a pretty good athletic scholarship in college)I am turning to the forums for advice.

Here are just a couple of the companies you can do this through: Rent Recovery Service and Mr Landlord Debt Reporting Service. 

Setting the wrong amount can limit your recovery options and is not something to take lightly.