buying a foreclosure? Help me understand this pleaseI found a home I want its a foreclosure and still listed for sale on homepath but looks like the house is up for auction too on the website starting next week. The auction website says non financible, and I don't have that much cash I would be using government issued loan. What should be my next step? The ideal situation is get my offer accepted then use FHA 203k Loan to fix up the house. Another question it last sold for 91k in 2010 its on the website for $32 would I likely be able to borrow 50k to fix the house up to current standards. Its in a desireable neighborhood, city, unknown why no ones bought it yet. Any advice would be appriciated..November 29 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.