Call the buyer -- tell him have bats in the porch and want to amend disclosure which has been presented.

@CL Tumlin If I might slightly amend @Chris Adams information above.

This could be a great opportunity or a nightmare.Can't afford the whole place, get an option and a first right of refusal, actually need both.I'd kill the HOA or amend voting rights to built units, the seller has control of the entire project, saying defunct may just mean broke, not legally closed.

If I was in your shoes, I'd try to amend that agreement asap, or dissolve it and find a PM that doesn't require you empower them in such a way.

If the seller doesn't/can't close and you still want the property beyond the original contract date, be sure to formally amend and extend your purchase agreement with any new terms and the new closing date.

Like others have stated, you need to read the HOA bylaws and any amendments for the individual condo association and the Florida Condominium Act (this of course varies state to state).

Regs don't often change, they are amended, parts are deleted, but the meat never really changes, you'll find that the more you get into regulatory issues.

You may not want to do this practically, but legally you may be able to sue the defendant as a John Doe, then compel the seller to tell you who it was, then amend your defendant to whomever squealed (legal term).

The underlying idea there is make sure you are making contact within all the governing regulations which include but are not limited to Fair Debt Collection, Dobb Frank amendments to Regulation X and Regulation Z.

And you or all of you may need to file amended returns to correct past reporting to what it should have been in order to be taxed appropriately on the sale.