I'm now receiving offers in the mail to reduce my CC debt.

You'll be looking at a higher FMR that will reduce your credits allowed for financing purposes based to some extent on the repairs you made.As to refinancing, the hard costs of your improvements will be considered as an equity achieved.

HOw am I reducing that when the exchange is complete?

Also increases the chances of a federal entity having to finance a loan.4) Local Taxpayers- House keeps it value therefore surrounding property taxes aren't reduced due to a foreclosure.

Is there anything I can proactively do to help us get approved if my issues will affect our application.

Even think about rentals on some for building monthly cashflow.To me, the benefit of real estate with a full time job and cashflow from rentals, it helps reduce your AGI and overall propel you towards even more cash.Also, look to join a real estate investors group/club in your area and learn more on this website as I read about others on here going from 0 experience to 100% full time REI than I could have ever imagined.

In between, that $25K limit is reduced by $1 for each $2 of AGI over $100K.

Same in terms of negative affects.Time is the most effect metric in reducing the affects of negative trade lines.

Should I set a high asking price and reduce it gradually until I get an offer (or offers), or should I price it right around where I think it should sell for and stand firm?

If I have purchased the property in the last year , I attempt to get the value reduced as close to what I paid for it and reach an agreement with the appraiser by phone.