Taking out more debt does not sound like the best option IMO.

There is life stages to investing, and the math is clear that strategic debt use, strategic leverage, pyramiding, appreciation, is the wealth generator. 

DOS or more commonly known as Event of default.Alienation of title is an event of default in most all debt instruments not usually located in the Note its in the mortgage  deed of trust etc.And along with other Events of Default  IE non payment of Insurance or tax's or waste these all give the lender the right to Accelerate the note but not the obligation..

Actually you'd never hit that because eventually the debt pushes you into a margin call and forced sell and you'd be at or near $0 in just handful of years at best. 

Trying to cut my losses as the borrower got all her unsecured debts discharged through Chapter 7.

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

Securities and Exchange Commission in January, the company’s real estate business lost $1.12 million, although the firm had relatively little debt compared with the stated value of its assets.The company also disclosed that it may use new investors’ money to pay dividends to existing ones.

With your Fico and down payment, all you need to do is make sure you pass the debt to income requirements. 

You can then get financing either through refinancing the entire debt stack or getting a second mortgage with the same bank that did the first mortgage.  

Yes, the settlement checks will start flying soon.