., I've made a good recovery after a lot of tears and hard work. 

Bill You should start by contacting the Real Estate Board: There is a recovery fund for consumers who have been damaged by Brokers. http://www.dre.ca.gov/consumers/consumerrecoveryaccount.html  One of the most common reasons for Brokers to get in trouble with the board is for this kind of thing.

But I will not be cashing it out right away, in case the market drops I will wait for recovery.

I picked Surplus Recovery Agents course I'm gonna give it a go.

Quote from @Maksu Ize: Next time someone smokes meth in your house, clean it yourself, move onInvolving the city, police etc will only make your road to financial recovery long People eventually get caught, In Detroit we didn't have a meth problem for as long as I can remember.

I am a Hall of Fame athlete at my Ivy School. 

Since I am adding the closing costs of 5k to the loan, I will need to also account for the additional interest I am paying on this 5K which adds to recovery time.I was curious if there was a general guideline which recommends whether you should be below a certain recovery duration for refinance to be beneficial.

In previous crashes, the market out performed class a whereas now, it is initially out performing A, but many economists are for casting a quick recovery for A while B and C take a few years to rebound fully. i think new buyers have to require a higher going in cap to protect themselves.

It is surely a painful and time consuming process and I guess you also need to weigh whether the amount you need to recover is worth the additional costs and time.

Among my life goals is endowing an athletic scholarship in my father's name at my alma mater.