Question with terminology analyzing SFH
I am ideally looking for a multifamily home, but where I am moving to there are only 2 on realtor.com I might end up with a SFH. My question is in the description it says
"The Denver Home Ownership Center has extended the FHA $100 Down Sales Incentive indefinitely for all HUD REO offers accepted. Owner Occupant purchasers utilizing FHA-insured financing (including the FHA 203(k) Rehabilitation Program)"
I am looking to do a FHA and live in the property for a year if I get a SFH. What exactly does the above statement mean? A quick google search makes it look like this property was failed to be sold at a foreclosure auction and I am eligible to buy it with an FHA?