Ways around REO auction w/o "cash" ?

[Hunter Hernandez]

Hey y'all, 

We are looking at a house that is an REO. We are not getting a clear answer whether or not this particular auction accepts a pre-approved loan if we offer full asking price of original listing. We are not wanting to take the chance of going through auction and also not sure if we can even put in a offer with a loan. House and property need work (a/c, water heater, well pump, appliances and land clearing) we are thinking it won't bring in half the price of our offer at auction, the auction is Monday October 28th.... Had a home inspection done on Friday October 25th and when we put in our offer with a contract the realtor said it is cash only, we had talked to him multiple times about us coming in with a loan at full asking price and he said it would have to go through asset management. Now he's saying cash only or hard money. We can't do hard money because we are wanting to make this our primary residence and rent out our current house.

is there a way we can get around this "cash only"? 

I appreciate the time you took to read this post and any further input. This is my first post on bigger pockets after listening to alot of the podcast and plan on hours of research  through the help of this website. Thanks