Core Insights - A former commercial real estate credit analyst is facing severe financial difficulties after losing his job, leading to a desperate situation where he is managing multiple debts and trying to survive on minimal income [1][2]. Financial Situation - The individual previously earned $130,000 annually, while his spouse continues to earn the same amount, but his income has drastically dropped to nearly nothing due to job loss amid $2 billion in loan defaults [2]. - The total mortgage obligations amount to over $1.36 million, with total debts likely closer to $1.8 million when including car loans and credit card debt [6]. Property Details - The financial breakdown includes: - Primary home: $540,000 mortgage at 5.75% with a monthly payment of $4,400 [7] - Rental 1: $453,000 mortgage at 6.5% with a monthly payment of $2,956 [7] - Rental 2: $192,000 mortgage with a monthly payment of $1,119 [7] - Rental 3 (with a business partner): $184,000 mortgage at 11.5% [7] - The individual is considering selling assets, including their primary home, and has listed nearly everything for sale, including their car [3][6]. Proposed Solutions - The individual proposed a deal where a potential buyer would pay $20,000 upfront and take over the mortgage, while he would remain on the loan, which is not a viable solution due to the due-on-sale clause in the mortgage [3][4][5].