Do you have to pay with cash on short sale properties or can you go through the loan process?
You do not have to pay cash. You Have to provide proof of funds (cash) or “Pre-Approved Financing” letter from a lender, or in some situations the Lender may Finance you also.
They don’t want to hear that if you get the discount you will go see if you can find the money.
In my R.E. transactions - of which SS is not one of them yet, I have found it is always best to be in the power position…Meaning Proof of Funds-Cash, or some guarantee to the Lender (in SS) or Seller (conventional) that you have the intention, determination, and capability to close.
Also, be prepared to close in as little as 10 days once lender give you approval.