We are trying to find a new home with land. Right now I borrow land to keep all my animals on. One house we will be looking at today is a foreclosure and will not qualify for an FHA loan. I read online that sometimes you can get a better deal on a foreclosure if you use the bank that already owns it. Then you don't have to pay for the appraisal and can some times get lower down payments or lower interest rates so they can keep the loan. Anyone do this? Also how much should I expect them to come down on the price?