I just closed a bank foreclosure property. The sellers had removed the entire kitchen, the well pump, and all of the bathroom fixtures before the foreclosure took place. The financing was done by Union Savings Bank. The buyer put 10% down. This is a conventional loan. You will need to provide the bank with a list of estimates for the repairs. They may ask you to escrow some funds for the repairs. It's worth looking into.
Other than that you may be eligible for FHA or CHFA programs, if you qualify. I have good people I can refer you to. If you would like suggestions for professionals in the area you could contact, please email email@example.com and I will reply with a list of the names and phone numbers,... more