Worth buying a home on piers?

[Chris Weaver]

I'm looking at this HUD home near me but the biggest problem is that there's no foundation--just piers. As far as construction goes, I know the issues with the home but I'm more concerned about resale. Can someone get a mortgage on a home on piers? It would be a good rental if I could get it for the right price but I'm worried about resale. If it had a proper foundation, the home would have an ARV of around $150,000.