I am not sure what specific property you are referring too, but it sounds like you are looking at a Bank Owned property. There is a very gtood chance that this property will need serious repairs and improvements in order to occupy it. If this is the case, then more than likely a Lender is not going to loan you the money. There are several reasons for this and I will not go into them here. There are other factors as well.
My suggestion would be to meet with a good local Lender and get pre-approved. This way you know how much home you can afford and what the payments would be. Of course taxes on the property you choose would fluctuate, so when you picked the property that you were interested in they would be able to calculate specifics at that time.
If you need help email me and I will give you a couple of very good local Lenders that can assit you.