Any way to to back out from Foreclosure winning bid?

[Sam Suresh]

Hello Foreclosure experts, please help a good friend of mine.

Some one I know well, has a winning bid at court house auction sale, and passed the upset bid period. Normally it would be a good thing, except that he was bidding on the second mortgage foreclosure and not aware of outstanding first mortgage because it seems the recorded deed-of-trust on first mortgage was different from the rest of the documents. So, basically title search was incomplete.

As far as I know he has to let it go his 5% deposit and not close the deal (he cannot take the deal because first mortgage is pretty high and numbers don't work out).

Is there any other options/ideas to save that 5% deposit and get back at least part of it?

Thanks a lot in advance from me and my friend.

- Sam