@Lauren Griffin definitely the Freddie Mac SBL (Small Balance Loan) product.

I truly see not declining revenue for this particular product.

A seller is required to disclose known defects to a property by law.

If you currently have an FHA loan then you'll not be able to take advantage of the 3.5% down FHA loan in the same market, but there are several loan products that offer something like a 5% down loan (which is a conventional loan product).  

Last, the pre-finished hardwood is pretty affordable when you consider the relative cost of lower-quality products and the fact it is pre-finished so, nail it down and your done.

@Quianay Laing The typical language in most sheriff's/trustee's/foreclosure sales warns that you are buying the property "as is", "where is," including title defects and subject to any senior liens.

CAVEAT - there is 1 conventional product called Home Possible that allows for 5% downpayment, but you have meet the county median income caps to qualify. 

Most of them have business checking accounts that offer a few free wire transfer a month as part of their product.

You should double check with your lender because there could be wording in the mortgage that could change based on the actual loan product and your specific underwriting.

Is that just for that product?