Hey @Jeremy Brown,The requirement for a full foreclosure is 7 years without extenuating circumstances for a conventional loan (you can't use FHA on the rental, unfortunately). 

Has anyone ever acquired a severely distressed property (long neglected water damage, structural damage, mold, hoarders (and cat poop)) and lived to tell about it?  

But once again if the park/development is not in the path of progress and/or in a blighted and/or run down and neglected area you may have a more difficult time.

Like, if there's a fire, the city would check the registry and contact that person.Evictions depend on the circumstances.

Consult your own attorney who can review the condo association bylaws and give you an informed opinion as to whether or not the owner's interpretation of exclusivity is correct for your specific circumstances.

I really did a lousy job explaining my circumstances.... my goal is to get a commercial loan using my LLC.  

The plight of the landowner is due to circumstances unique to the property not created by the landowner.

I'm not 100% sure re: the email/online version (we've been neglecting our NJ content and have been focused on other states)... but if you call the Treasury tomorrow, they'll let you know.

Thank you all for your input and knowledge regarding the situation and I hope this information can help anyone who might find themselves in caught in these unfortunate circumstances!

I'm very interested in finding some neglected single-family homes in areas with future growth potential (could that be any broader and exactly what everyone on here is looking for lol).