This particular property is a HUD property, which means it is a foreclosure that is being held by the Housing of Urban Developement. These homes are still viewed the same as regular homes, but the purchase process is slightly different. I highly recommend that you find a buyers agent who has experiance working with HUD homes. Often, HUD homes need things done to the home that make certain types of loans unable to be used to purchase them.
I have completed many HUD home sales and would be glad to speak to you and explain in greater detail the advantages and disadvanteges of purchasing HUD homes. I would also be glad to give you refernces for people that I have worked with in the past that have purchased HUD homes through myself.