Free and Clear Primary Residence Cash out/financing options

[Michael Herrera]

Hello Everyone, 

    I am new to the forum but have been listening to BP podcast for a while. I have a question on what you all think would be some options for my situation? My primary residence is free and clear, comps around 140K. I started trying to get conventional Home equity and refinancing a few months ago but no luck since I haven't been at my current job long and I have a foreclosure that is almost but not yet past the 7 year mark, so even with all the equity and no mortgage payments I have not had any approvals. 

     My plan is to get cash out and do some improvements to sell for as close to market as I can in a short amount of time. I am selling to relocate closer to my son, which will be Reno/Tahoe. Home could have floors replaced downstairs, upstairs already done, paint, some drywall and insulation replaced in the garage and landscaping but still in good shape, house is fairly new, built in 2007. So in my situation I am pretty sure conventional financing is not available. What other avenues can I use to gets some "rehab" financing to put this on market? Any advice is appreciated. Thank You.