It depends on the bank, some government lenders. Fannie Mae and Freddie Mac and HUD homes may replace pump. In Pasco, there is a Neighborhood Stabilization Program that buys bankowned properties and rehabs them. They will be stated as NSP homes. Most other banks do not . They are sold as is. Buyer Beware. I am reo and foreclosure certified and would be happy to help you find a home.
Bank owned homes are usually sold as is, meaning they will not fix anything. Where there is a sink hole you will want to get all the engineering reports and complete any due diligence before making an offer so you know what the cost to cure or repair is.