I'm going to go to my credit union and talk to their loan officer to get as many answers as I can, but I'm still at the point where I don't know what I don't know, so I'm hoping that some of you can provide me with questions or situations to ask the lender about that I may not know to ask. 

The only situation where I have heard of a foreclosure being reversed is if the homeowner can prove a mistake was made or if they are in bankruptcy.

So I recently had a house fire in one of my rentals and I am looking for some advice as I have not been through this situation before. 

You need to concentrate on improving your employment situation and increasing your income.

It's probably  a good deal and I'm betting there's nothing but trouble brewing in this situation for down the road.2.

Jessica, is this the crazy tenant from the water leak situation or a new one? 

He even recommended I write up an official document that states what work was being done, that he would cover all expenses, and that he would leave the new toilet in place upon vacating the property at the end of his lease.Does anyone have experience with handling situations like this?

Ask your PM for his opinion on the situation. 

Any thing we tell you, other than it’s not a good idea, would be speculation.....we don’t know the specifics of your situation and if we did, same advice...talk to a attorney.

As for learning how to increase your current cash situation you should listen to the BP Money podcast.