Hard money loan questions

[Joshua Rich]

Hi, i am currently in foreclosure on my home.

My home value $450,000

My first loan $250,000

My second (personal loan from father) $25,000

I am behind on my monthly payments: $15,000

Other equity:

Second home (clear title): $120,000
6 land properties total (clear title): $300,000

I am currently recovering from a spinal injury. I am getting better slowly.

My goal:

I want to move out of my home and rent it out but i need to get a loan to get current on my mortgage and get myself out of foreclosure. I have approx 30 days left on my 3 month notice.

I will need to fix up the home before i can rent it. I also want to fix up the second home and rent it out. I can rent a room to live in thats fine with me. But i dont want to lose my homes because i can make money with them.

I am stated income from my own business (computer software) and limited to the hours i can work, most of my pain comes from sitting but i am very bodily able to do construction and labor.

1. Should i get a hard money loan?
2. Most of the loans i have inquired about are 1-2 years with interest only payments every month and balloon payment at end of the term 1-2 years. Is that good?
3. The interest rates i am getting are 10.99%-20% is that good?
4. I am afraid to take on a 1-2 year hard money loan is there any other option i may have? That's a lot of money to come up with in 1-2 years!
5. Is there a place were i can get competitive bids on a hard money loan?

My income is limited and my credit is reported bad now. All i have is my equities.

Thank you for your help!