This is in a condo complex and I requested HOA to send a gentle reminder to that neighbor for being courteous to others- but unfortunately it hasn't helped.

When I exercise option to sell, does bank take into consideration equity in the property (option price/market value), or would I still need to put down 20% in cash?

I'd bring these items up, very gently and kindly ask that you be granted a waiver - you lost a lot of money when they told that you couldn't rent years ago when in fact, maybe you could have?

If so, I would send the HOA a letter stating where they dropped the ball, and demand the full amount refunded or you'll exercise your right to go to small claims court and get double your deposit back.Hope this works out for you!

***Additionally, a mortgage broker that is able to take a tenant-buyer's option consideration that is paid to me (wholesale lease option deal), and either apply that consideration towards the TB's down payment when the exercise their right to purchase ORdiscount the price of the house.Typically the consideration goes through a third-party escrow account (my attorney's), and that helps with the above.Typically mortgage brokers who understand this type of situation will only submit financing applications to banks they have great relationships and won't have an issue with this type of thing.Thanks in advance!!

I love that part because frankly, it's only getting exercised if Armageddon happens and it'd be impossible to sell it but with just three months notice, we're out free and clear of everything.

While I am creating awareness in the marketplace and earning the trust of these individuals through a relentless campaing of obtaining as much face to face time with them as possible, I am busily working to raise my competence through educating myself, doing small deals, and forming area-specific alliances.Is there anyone here who has gone through a similar exercise?

It is a simple math exercise. 

The IRS has a 120 day redemption period, which they almost never ever exercise, and then their lien is void on the property.

. - Do you know how often lenders typically exercise the right to lower the limit?