@Albert Bui  Great question Albert and one that many learn the hard way.As you probably aware there are about 12 states that do not allow deficiency judgments on purchase money deeds of trust or mortgages.. these include  CA OR WA NV  etc.

If you think it's too good to be true and you keep looking for the deficiencies and "gotchas" to show up somewhere, then don't bother, you'll probably find it somewhere...

ANd they dont care about their credit and make sure their is no deficiency judgement there are bad actors out there that will intentionally not pay the mortgage and rip the rents until the bank forecloses a few years down the line all the while creamting the original sellers credit and frying their nerves and freying their marriage.

@Femi Ibrahim   There were so many deficiencies with your transaction, that a good lawyer may be able to find legal merit and file suit. 

On the last one, I do think there are technical deficiencies on the forum search overall, but as a poster, you should target the best topical forum for it and leave it at that.

The prior owner, the husband, has told me the bank does not plan to pursue a deficiency against him when they do eventually foreclose.

Furthermore, depending on which state the property is in, if its a deficiency state the lender can foreclose and pursue you for their losses after. 

The husband has told me he got the bank to agree not to come after him for deficiency - not sure if that's true or he just didn't know what he's talking about, he seemed pretty out of the loop on a lot of the information, but he's not interested in getting the house back. 

They are investments properties so lender could go after any deficiency.  

@Yashar Fred most of the items a housing authority identifies as deficient should be remediated anyway.