Many homebuyers have become interested in purchasing a bank foreclosed property.  These properties have attracted the attention of buyers because they are usually listed below their true market value.  The main problem is that getting a bank to put a mortgage on the property is sometimes easier said than done due to the condition of some of the homes.  If you are interested in purchasing a bank foreclosure and plan to occupy the property please keep in mind the following guidelines. The house will need to be in safe, sanitary, and liveable condition.  The bank will not want to lend you money to purchase a home that is missing essential parts like a furnace, or plumbing, or if the roof is leaking etc. Water must be on at the time of appraisal and inspection if the buyer is having one.The... 10/30/2007