I recently went through a divorce and lost my home and along with it the equity.

As I learn more about creative financing and other ways to fund a deal, I admit I’m lost in how one broaches this topic with someone.

He lost his job and my job being commission based has not been as financially stable as it has in the past.We currently rent in Brooklyn and owe an outstanding amount of $12,000 +.

., more than half of the calendar year) for the Borrower's personal use and enjoyment·The Borrower may rent the property on a short-term basis provided that the property is not subject to any rental pools or agreements that require the Borrower to rent the property, give a management company or entity control over the occupancy of the property, or involve revenue sharing between any owners and the developer or another party·The Mortgaged Premises must be in such a location to function reasonably as a second home·The second home must be suitable for year-round occupancy with the following exception: a second home with seasonal limitations on year-round occupancy (e.g., lack of winter accessibility) is eligible provided the appraiser includes at least one comparable sale with similar seasonal limitations to demonstrate the marketability of the subject property.

Before signing, they asked us to reduce the rent because they had lost their jobs due to Covid. 

I don't know as I have lost count!

I am honestly so lost and I hope someone on here can help me out!

Many have, for all practical purposes, lost decision making control. 

Selling the property would incur higher commission and closing costs which would eat into that hard earned equity, not to mention the lost income and depreciation benefits. 

We have lost trust in them.