Typically we suggest you don't buy until you are divorced.
If you don't have income it will be tough to get a loan from a bank.
if you have a foreclosure on your record it will be tough to get a loan.
Probably the best thing for you in some ways would be to allow your brother to owner finance from you.
Or probably better yet, sell the home, split the proceeds, and either go buy a $50,000 house or condo, or whatever you have leftover after the divorce.
Since you inherited the house during your marriage, your current husband may have some claim to the house as well, so the $50,000 could turn into $25,000....this is why you need both your probate and family attorney involved and working together so that you get the best outcome for your specific circumstances.
Then talk to trusted people and get some advice.....
Hard money loans are very desperate money. But they will do in a pinch if you have an exit strategy....
Exit strategy = Get out of that loan with a real loan..... If you can with the credit.
I would probably work out a deal with your brother and have him "Owner Finance" the $50,000 and you can just make payments to him. You can file the note at the courthouse, and as soon as you get your scores back up, and everything is looking up again... refinance and pay the note off.
If that is not an option, a hard money loan will work, but you will want to pay that off as fast as you possibly can as hard money loans are a bit ugly.
I hope that helps.
Jason C Campbell
Option One Real Estate
Platinum Top 50 Finalist