Yes they are called purchase and rehab loans. They have very strict guidelines, but they even will defer your mortgage payments until you are actually able to live in the home (6-month max). IYou also need documentation from contractors and stuff like that prior to getting the loan, the work needs to be done by licensed workers and will be inspected by FHA.
You need to find out why nonone touched this foreclosure. Also, the banks don’t go for low offers, they really are kind out of the loop when it comes to that, they want what it cost them, or a close percentage to it anyway. II just purchased last year and was looking at a lot of foreclosures and gathered tons of information from the internet.

I think I may be the only person to actaully answer your question and not try to scam you! Yes, it is possible to get a loan to fix up the house after you buy it. Keep in mind, however, that it might be the neighborhood and a lot of other things wrong with the house other than bad layout and crappy looks. You would be getting a different type of loan, in addition to the home loan (mortgage). It’s much harder than it looks, but if nice looking homes in the neighborhood are selling, it might be worth it for you to try. Be sure to have a thorough inspection of the property before you buy. Even if the bank says they won’t fix anything, it’s better to know if your’re getting a house with major structural or mechanical problems (which you wouldn’t want to try to flip).

Are you frustrated in life? you think all is lost? No hope from any where? Well i have a good news for you all today, is a privillage that you met the right person. I’m a well known Man which every one knew me to be. My name is Micheal Lancer, i am money lender i assist people financially, because i think enough of all these bankrupt and montages I’m hearing. i want to prove my self to everyone at there. That not everybody are equal.
Just send us your personal details:
Full Name:……….
Contact Address:………
Phone Number: ……..
Country Code:………
Amount Needed: ………..
purpose of loan: ……………….
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Are you frustrated in life? you think all is lost? No hope from any where? Well i have a good news for you all today, is a privillage that you met the right person. I’m a well known Man which every one knew me to be. My name is Micheal Lancer, i am money lender i assist people financially, because i think enough of all these bankrupt and montages I’m hearing. i want to prove my self to everyone at there. That not everybody are equal.
Just send us your personal details:
Full Name:……….
Contact Address:………
Phone Number: ……..
Country Code:………
Amount Needed: ………..
purpose of loan: ……………….
When to pay back:…………………
Hope to see your response via this mail address, , .

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