This essentially will have you declared by court order to be the owner of the property and will allow you to get a warranty deed. 

If the corporation is simply an "alter ego" for the person, a court may "pierce the corporate veil" and find individual liability.  

I have a sister in rapid city South Dakota and have looked at some deals there that appear to cash flow and I love the area.

@Carrie Hallensleben Thanks for sharing your experiences and it appears you are well on your way.

The owner was living in the property and I begged her to allow me to buy the property through a short sale and she refused and would not cooperate with me at all so I had to go through the courts and legally evict her. 

Im not an expert at the process and sometimes have to hit the internet to speed up on what the process is but I can honestly say I've only ended up in court a handful of times after going through the whole process.  

I am currently flipping homes and am currently searching for my next project at the court house steps.

What every new investor should do is to attend a Landlord Association BEFORE INVESTING, and sit in on some landlord/tenant court hearings in your area. 

The basement also appears to have some structural issues.

Because the seller has accepted and offer but the bank has not they still appear on the market but are pretty much under contract and negotiating.