Seller Financing a Property Purchased through Foreclosure or REO

[John S.]

I know properties bought through bank-owned or REO usually require major renovation and fixing him. I wanted to see if anyone has bought a house that was bank owned or through REO and then seller financed it. If so, my question is, were you able to insure the property? I assume for seller financing you always want to get insurance since you are still on title but what if your property is in a pretty poor state. can it still be insured?

Let me know your thoughts!