SS Really cash offers only?

Foreclosures, Short Sales, Tax Foreclosures
1

Will the bank only accept cash offers no matter what? If your dealing with a million to two million dollar properties then how can they expect people to have cash for that? Would they consider an offer with a preapproval for mortgage?

If not, what are other ways to get cash available to purchase? Is HM still considered financing?

2

When you make a cash offer, it doesn’t mean you can’t get HM loan or private lending or even bank lending. It does mean that the sale will not be contingient on your financing.