Are you working with a Realtor to help you through this process? Fannie Mae and Freddie Mac sell their properties "as is". Lenders require a property have certain things to make it liveable, such as a heat source and water source, so unless you have cash, you are likely not going to be able to complete the sale, but there are other properties out there and, if this one doesn't have water, it's likely to be a bigger investment than you planned. Why not get one that's closer to the price you would have ended up spending on this one, that will require less work and expense for you? There are lots of good Realtors there in Elkin who will be glad to help you. If you want to email me, I'll be glad to make suggestions. Good luck.