They can make you lien inferior, they could force sheriff sale and waive the lien.

It goes back on the market, racking up more days on market.In the meantime, the seller most likely has another property under agreement, so he's under pressure to accept an inferior offer.This $0 down buyer has really screwed the seller.Not saying that you shouldn't go with $0 down. 

You can always find an inexpensive attorney but the quality, time, and outcomes will most certainly be inferior compared to just paying for someone who can get it done right the first time.

So I am thinking a bit of fraud here, but it is an inferior mortgage so no big worry.  

The property is outstanding, the house is in decent condition but requires significant upgrades and renovation.Comparables are hard to find: similar properties all have houses in better condition, but less land, or less private, or inferior views, inferior location, etc.

They shouldn't use comps that are outside your neighborhood and inferior in condition when better, closer comps are available.Best of luckStephanie

If someone outbids your bid, they will gain ownership of the property unless you decide to bid higher.Any amount of overage above the fore mentioned costs, plus an amount for the trustee conducting the foreclosure sale, will go first to any inferior lies and second to the owner of the property.Also note that some states have different laws, procedures and rules for residential properties as opposed to commercial properties, some divide residences from non residences.  

It is a great location, the last unit I tried to purchase at a inferior location 3 blocks away sold over list price, and the association had an offer on the table to sell the whole building, most likely for deconversion.

@Jeremy Hua Please understand that many people on section 8 may feel inferior to other applicants.

Operationally, the 5-unit isn't going to be much more efficient than a 4-unit but the bank terms are far inferior.