Freddy Mac Fanny Mae Foreclosure Rules

[Bernard Chouinard]

Hoping I can post this here and see if anyone has any advice for me. 

2007 bought a duplex with a "Friend".  Building had 1 Sewer/Water all other are 2 whole units but because of the water/sewer the mortgage/deed were under both of our names. 

2010 This "Friend" stopped payment - I exhausted all avenues on trying to get them out and allow me to take over with no luck.  My hands were tied and forced a foreclosure on me.  They filed bankruptcy which delayed the process and the actual discharge wast' until June of 2016.  Yeah 6 years.. 

2012 My wife and I bought a house under her name.  My life in flip, we owe $134K, value at $269K looking to pull $50K equity out via 2nd mortgage. 

My wife: High credit score, but low income and is disqualified via the debt to income ratio. 

Me: six figure income, decent credit 680ish but due to this foreclosure I'm disqualified. 

I thought maybe going through a portfolio lender hoping if decision is in house I can maybe explain the situation.  I have a few calls out there but I'm doubting this will happen. 

Do you have any other suggestions on how I can go about this? 

*Leicester, Massachusetts (Central Worcester Massachusetts) area if it really mattered.