There are three different loan programs that are available that are specific for the "type" of foreclosure that you are looking for. 

There are so many foreclosed homes on the market today, the government is trying to help with the problem. They are helping by offering this loan programs that combines a buyer, like yourself, with a home that may be in need of repair.There have always been buyers who would like to take advantage of “distressed” properties but did not have the money for minor repairs that may be needed. Well now, this loan solves that problem. Once you qualify for the loan, you just find your home, make a bid, make a list of your repairs, AND THE MONEY IS BUILT INTO THE LOAN TO MAKE THE NECESSARY REPAIRS!!!