So we are new to looking for houses. Meeting with a mortgage broker and Realtor later this week. We dont have much money but Im pretty skilled so Im not afraid of a house that needs interior work. Anyhow my girl finds this house that a little too cheap for the area. There are terms Im not sure how to interpret "foreclosure est $267k"This home is in need of renovation and will probably need a cash offer or 203K rehab loan. Other Raised Ranches in town are listed at much higher prices.What do those things mean? I can imagine everything is original (roof, hvac, floors, walls etc) and tired but what else?