Financing Foreclosures

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Are there any good options to finance a beat up foreclosure aside from renovation loans or cash buy from a Heloc? 

The renovation loans are too pricey and require expensive contractors. Sure I can refi out after, but would have spent too much. HML is even worst. Heloc then Refi is OK, but my lines aren't big enough yet for a whole house around here.

Problems I've had before is that the house would "fail appraisal" so they won't lend on a beat up house.

I have purchased 2 foreclosures in the past with a direct lender for 30 year fixed, but the selling bank had them fixed to move-in condition before listing. They still sold to me well below market. Both are cash flowing well and needed very little repairs.

[Jay Hinrichs]

you need to find the latter deals... you described the former is a non starter