Personally, I'd flip it, and sell it QUICK for a lesser price and do it again...Holding on to something until next spring is a long time to tie your money up and what if the pipes freeze?  

Because a good paying job is the number one thing you can do to dig out of this very deep hole.A couple of missed car payments will not result in scores of 580 and 640. 

Some info you might need:The house will be in Spring Valley Lake, CAMy Credit Score is 702, 698, and 695My debt/income is approximately 22.5%I am a first time home buyer and I am MilitaryI have received a few rate quotes from my bank (Navy Federal) for a 3/5 arm at 4.75% and an FHA loan at 4%.The house will cost about 200,000 at least that is as much as I'd like to spend.

I had buyers offer me more then the asking price on a property that I sold recently but took the lesser offer because it was cash and had a higher probability of closing.Off market may take whatever you offer them since you are really helping them out and getting them out of a bind. 

One of the lesser-known "gurus" is in Columbus, OH.

As a side note, I believe I have scored big on a partnership with an East Bay guy I met here on BP. 

They make a scoring tool that pokes holes so the steam hot water and solution gets to the backing better. 

I wold also ask what do they expect from you in the way  of cash reserves, credit scores, down payments etc.

HelloI have been a real estate agent ( independent contractor ) for the past 6 years.My personal credit score is 790, I have 4 credit cards and a car loan.

But do keep in mind your FICO score is only part of the equation.