@Steve Burt yes we are and the cost is adjusted for each state's foreclosure timeline and costs in our purchase price.

Theres nothing wrong with 52% thats very low however that particular lender may have an adjustment below 60% LTV its probably not a fannie mae conventional product because 60% LTV or below is the best pricing you can get atleast from a LTV point of view.

Adjust those prices for the appreciation of real estate in the area you're working in, and you should arrive at a reasonable price for the house.

All other public charges and private charges or assessments, including water/sewer charges, ground rent, taxes if any, to be adjusted to date of sale.

I have short credit history, just switched lines of work (from food service to insurance adjuster) and have no savings, my parents have no equity on their house, none of my friends seem interested to join me so it has me asking... is passion and motivation enough?

They are now handling everything including adjusting pricing as needed to increase bookings during slow seasons, paying the cleaner and telling her when cleaning is needed, and for this they are charging 20% of the income.

In 15 years, will the economy be appreciated...or ready to make another "adjustment".  

Park owned homes deserve a cap above 10% IMHO and you can adjust to this such as public sewer and water, metered or not, etc.

I know I need to have the property tax adjusted, I need to switch over the utilities that are in the current owners name.

If there's some way to compel the Seller to give you what you need to make you whole, whether it's access-- or an Easement-- or a boundary line adjustment around structure-- or a boundary line adjustment around structure PLUS setback--  and/or all of the aforementioned plus enough land to make it a legal lot on its own (e.g., if the acreage is shy from the zoning requirement in the neighborhood,) then a good lawyer will know it.