homes that cannot be financed

[Paul S.]

I keep hearing of homes that cannot be financed through traditional means due to condition deficiencies like broken windows, non-functioning kitchen, no running water, etc. These are examples but is there an actual list of condition issues that make a house not worthy of financing (in Fannie Mae guidelines for example) or is this nebulous territory? I would like to be able to tell a seller with authority of such specific conditions to give me the upper hand in negotiations.