There are properties avaiable that will pass different types of financing and some banks will actually fix certain things to get the property sold (ie:plumbing).
Your best bet is to get hooked up with a real estate agent that will help you search for properties that fit your criteria whether a foreclosure or not. Feel Free to contact me with any additional question you may have.
Real Estate Retrievers SD-IA LLC
You need to discuss your needs/ wants with a Realtor.
Congratulations ~ you are taking a good step towards becoming a home owner and there has never been a better time to find deals.
CDPE - Certified Distressed Property Expert
If you are in the market for a foreclosed home, a local agent can set up up an auto search on MLS which will send you via email listings that are specific to your needs.