Slightly lower rates would probably reset things on a much longer scale and thus less painful overall, but no one has the patience for that; there's going to be way too much pressure to make a move when some of these defaults start to happen in a big way, and since we are probably going to remain a nation of debtors for as long as anyone in here is alive there's no real prospect of growth beyond borrowing. 

They can guide you in the next steps once they have the full picture (how large the balances are, how recent the late payments or collections are, types of accounts such as medical debt, installment debt, or credit cards only, which accounts have been disputed, etc.)Debt settlement companies usually charge a monthly fee, so the longer they take to resolve your accounts, the more they can collect in fees. 

Pre-Foreclosure - You may be able to negotiate a payoff price or an assignment to fix the issue (debt or taxes) before it gets to actual foreclosure. 

You may be able to get creative with Mezzanine debt or Preferred Equity, but those are typically for larger short term deals. 

Are you financing it today with your time, or w-2 income or debt?  Or

People generaly sell below ARV because they are fearful, be it from divorce, death, debt, or whatever. 

You do well, but not really well enough to play real ball.Depending on your comfort level, I'd buy debt or a mix of buying debt + buying 2-3 properties in one area and growing a portfolio of houses in a couple of different areas that fit your goals.

The suggestion that you should take out more debt, or run up credit card balances, just to close on this is reckless.  

Honestly, whether you are in debt or a wealthy business owner, you NEED a budget to control finances.

Nothing sinks a credit score faster than medical debt, foreclosure, bankruptcy debt or student loan debt.