With respect to being ineligible for another property until my high ratio mortgage is resolved or refinanced to a conventional mortgage, how would I go about refinancing to a conventional mortgage after purchasing via a high ratio mortgage?

Big question / difference that I haven't seen resolved and/or don't have an answer to (might not be relevant if you're in the commercial world and/or a cash buyer):The only type of entity that Fannie residential will lend to is a revocable living trust. 

Or am I missing the forest trough the trees, is there a simpler way to work with the family to buy the property and resolve the outstanding liens another way?

Pre-foreclosure is kind of a created entity since a portion of those homes will not get foreclosed on because the homeowner will resolve it.

This is not a matter to get a lay person's opinion...this is purely a legal matter that needs specialized legal knowledge by someone who is willing to help you get the matter resolved. 

Plaintiffs believed that by waiving damages and obtaining removal of the defamation from the internet along with obtaining custody of the investment properties and/or tax liens had resolved any problems Plaintiff had with Defendants before entering into the Settlement Agreement.56.

Also, note, that if you have another adult in your household (spouse) you can each have up to 10 personal conventional notes - this will give you the ability to acquire 20 units at a time and move them to portfolio commercial loans into your LLC.This should resolve all your questions.

(It'd be too easy if things went smoothly) everything is all lined up for that deal its just the waiting game until the title issue is resolved.

Maybe no one expected a reversal after six months and this should be easily resolved by the PM with the CC company.

Even with strict rules, if someone is playing music loudly or engaging in activities that others don't approve of, it can take weeks to resolve and in the meantime people are looking for other options.