With supply and demand 101, we know that is not good, especially with the Saudis not lowering their oil production.From what I've read, I expect a lot of the outfits that are fracking in Canada and the Northern states to probably file bankruptcy and be sold out, or do tremendous amounts of volume to stay afloat, worsening conditions.

Heard nothing back from the homeowner (henceforward known as HO :-)Then...the news that HO had declared bankruptcy.Foreclosure halted.Then the news that the bankruptcy was not going to proceed.Foreclosure on again.Finally, the HO decided to sell, before the auction date hit. 

Our third building was a court bankruptcy. 

I believe oil prices will keep on crashing until enough production is lost due to bankruptcies of smaller oil companies throughout the world.

I agree you want to survive down cycles as nobody reached FIRE through bankruptcy, but i don't think it is that easy to take on leverage when the market tanks. 

Rescission occurs for several reasons, including technicalities with the foreclosure process, debtor paid prior to foreclosure, probate is pending on at least one of the property owners or borrower of the note, or property owner has a bankruptcy pending with an automatic stay prior to sale.

You’re wanting to reorganize your basic financial situation - outside of bankruptcy.  

I suspect many many folks have tried this and ended up in bankruptcy and basically ruined their credit life for a decade... so like U said one must be very very cautious with this approach....

Mack Companies declared bankruptcy, and had stopped paying out rental income to investors from what I have heard.  

It's just that most likely with a 690, you are more than likely going to be looking at average interest rates/terms from lenders.Should you decide you want to go the hard/private money route, more important than your score is the fact that whatever deal you think you have is REALLY a deal and make sure you don't have outstanding judgments, bankruptcies, or foreclosures.You're also in a great position with the salary and liquid capital.