cash only? REO

[Jared Kulp]

This might be a simple question but I would like some input. I've been watching a house on the mls that is listed as a "REO and cash buyers only." How flexible is this? I've discussed with a lender about financing a deal and they seem cozy with me, so are they (seller) usually willing to entertain a different way of paying for it or is it "show up with cash and that's it". Thanks for any advice/info.

[Bill Florence]

Well if you offer the worst thing that can happen is the seller says "no". 

Sometimes they say "cash only" because the property is not able to be financed by conventional financing, just won't qualify for whatever reason.