I think they had a Hyundai battery problem as well.

But they can't look like it or you'll have the same problem as above. 

@Jehon Bendokas I was going to mention the interest rate problem as well.

I'm in the same situation now with a fourplex I informed the bank it's going to be delivered vacant they said no problem as long as the LTV and 20% down is met plus personal financial history is good once you go past 4 units in my area then it goes into the commercial division which could be different circumstances also I asked the banker about an LCL versus privately owned he said they will not finance an LCL because of the added layer of protection it offers the buyer.

These are questions only you can answer and may help inform your decision.You will take a markdown if you sell with a wet basement, versus a mitigated problem. A

But no, if the seller stops making his payments, he is in default and tou don’t have to make payments, but you have a huge problem as his lender will foreclose if you can’t pay them off.Try and force the seller into using a servicer for your loan payments.

Fairly certain you can get a new FHA loan after a year or a conventional refinance, so shouldn't be a problem! A

@Victoria Pena I had this exact problem a while back.

I had a similar problem a few years ago where I had to cash out my seller quickly and a broker helped me out.  

@CJ M.My dad had a very similar problem a few years ago at his personal residence and I thought he had a good twist on his approach.