Creative Purchase/Financing Help!!

[Brad Fitzpatrick]

I'm trying to buy a bank owned property that is probably 50% finished and needs a lot of work done. Any creative ideas on how to finance this? I was thinking about how I could get the bank to agree on a purchase price then deed me the property (without paying them or getting a loan) so I could get all the work done on the property so it was finished...Then I could get conventional financing and pay the bank the agreed upon purchase price. Anyone have experience or ideas on this type of deffered arrangement?? Thanks.