Im wondering if the bank would even accept a "subject to" contract and if there is something in there clause to prevent it.

They would be prevented from buying 2 more and playing the same game. 

Does some law prevent me from owning 11? 

Hard- If you have multiple offers or they are trying to get the higher offer possible in order to prevent their tax burdenBank to Accept Lower Price- Honestly this depends on the banks BPO, the bank and what it is worth.

Registering the contract at the title office may well prevent the Vendor from being able to place a new mortgage when the current term completes.If you check the banks covenants in their mortgage subscription agreement, you might well find registering such a contract will provide them with the option to accelerate repayment of the note.  

I will explain your options and do an informal Foreclosure Prevention Analysis based on you and your homes situation and let you decide what is best for you!

It has four columns; Description of Risk, Probability (High, Medium, Low) , Impact (High, Medium, Low), and Action to Prevent/Mitigate Risk.

I would sell at a tiny loss to prevent the generate of $700 a month.

But it will likely give you the best shot at preventing the leak from getting worse as most asset managers tend to move a bit slow when it comes to maintenance updates on hud homes.....

If I make a cash offer for an REO, does that prevent me from getting financing from a bank prior to closing?