Foundation issues - Are they always a no-no?

[Aubrey Prado]

Hello! My husband and I have one SFR under our belts and are in the market for another. We found a great deal in a good area: best schools, upscale part of town, newer and spacier home. But the one downside is that the property has had foundation issues in its past. They have been repaired with piers placed under the garage but the house is still being avoided like the plague. Its currently listed at $119k and is valued in the high $170's. Only other issues that we are aware of are cosmetic that we can fix up on our own. Is this something we should be heavily concerned about or is it a good deal being overlooked because of bad history? Another thing to note is that the seller refuses to do any negotiations: he will not go down on asking price, pay for closing costs, etc. Should we just walk away? Any and all input is appreciated:)