I would appreciate the opportunity to do a comparative market analysis for you. My partner and I work for Ebby Halliday Realtors here in Richardson off Plano Rd and Beltline. Let us help you with our rofessional service. Richardson has great schools, and is a wonerfull community, I feel selling it won't be a problem, we just need to work out the foundation issues. Feel free to call or email us and we will be glad to schedule a time to meet. Kind Regards....
I second Susan's opinion that you are not stuck at all! in fact you are more in control since you have decent credit, have equity in a home even if you make the repairs, you are already ahead of the game and you have a house in a desirable part of town.
I would recommend the following before you start spending money on remodeling, or foundation repair:
Meet with a Realtor that can tell you which items you need to address to make the house sellable at a maximum price with the least expense.
Responding to your question about being able to qualify for a 200K house, that would depend on other things such as your DTI (debt to income ratio) as well as your credit score. I would have to look at a full loan application, run your credit and let you know which programs would meet your needs best.
Contact me at your convenience at 214-289-8555 and I'll be happy to assist you.
I suggest you interview a few listing brokers to see what they think they can sell your home for with repairs and without repairs. (just don't choose the agent who promises something to good to be true)
Next, talk to your bank and find out how much you can get a loan for with how much down. Look at a couple of different loan options and then go get Good Faith Estimates (GFE's) from the competition. (again, don't choose the lender that promises the impossible)
A lot of people wish they were on your path, best of luck to you.