Situation Assessment needed from the kind B.P. Guru's

[A Epistemophile]

Hello BiggerPocket’s Guru’s,

First off, thank you so much for taking a second to read this post! It is with a heavy heart that I am in a bind. Pretty much grasping and looking for a Situation Assessment from the kind souls that have read this. I prefer not to sell, but I am thinking it is possibly the best option?

If you would be so kind, I’ll state the facts, and if you could possibly comment with a strategy for getting out of this mess, it would be very much appreciated.

The Facts:

I have two properties, one is an investment under my name, and the other is a primary house I live in. I am currently unemployed (actively looking), and with that, I have bad credit (sub-620). I owe a fair chunk of change in credit card debt, and I am also late on payments to both mortgages.

The investment property particulars:

Units Occupancy Acquisition Price Market Value Loan Balance Equity

1 Y (US1,800mth) $155,000 $347,700 $161,171 $186,528

Conclusion:

I know, I know, one hell of a situation… Bottom line, from what I have put together, the easiest and most likely solution is to sell it? Funds are scarce, and employment while going, will put me past a decision point I must make even if hired tomorrow.

I am hoping to get a few other perspectives on this situation. Hopefully, there is a way to clear things up without selling? Or just do it and get it done?

Many Many thanks for your time and consideration…I owe ya one!