Harlan Copper is just such a lender and let me tell you, he knows his stuff. He is honest, smart and responsive. He is also in Cedar Hill.
Here is is contact info...
Affiliated Bank Mortgage
I hope this helps!
RE/MAX Preferred Associates, Cedar Hill 214-763-1857
As long as that goes well, then meet with a Realtor and let them give you the outlook for your home.
I would only keep it as a rental if you want to be a landlord, not to get out of you current situation. You both need to be committed to renting if that's what you want to do. You also need to look at the finances of the situation and see if it is a worthwhile endeavor. If values are falling why do you want to hold on to an asset that is worth less and less. If that is truely the situation you should consider selling. Your realtor perhaps can help you with this decision or provide information to help you reach a decision.
Do not jump into selling, or looking for a renter or even owner financing the house since you owe still money on it, it's not yours yet.
My recommendation to you is to meet with a Realtor, they can prepare a market analysis on your house and give you advice on what items to repair or update to sell it.
Then you get in touch with a good mortgage company, they pull your credit (all 3 bureaus) work on your credit to improve it for a few months.
Hang in there for a while while you fix your credit, update your house and you never know, the market may change in your favor. Either way, you will have improved your credit and put your house in a move sellable condition and may be you can get top dollar for it.
I will be happy to speak to you further if you wish.
Feel free to contact us for help. Click on our photo and our profile will come up with contact info.