REO Agent says Cash only Offers

[Robert Mack]

I finally got hold of a REO agent that has a couple of listings with two banks which I've been wanting to check out,(found him through the bank reo pages). These are buy & hold properties I'm looking at.

I asked him about two properties hes listing for the bank. I asked to see them and he said that there's no way to get these properties unless you make a cash offer because the bank won't give out a loan due to their current condition. He seemed disinterested in me after I told him I am not a cash buyer..I am pre-qualified for a loan, but don't have the cash to buy outright.

What type of loans would I be able to get to have the banks loan to me, or what else can I do. I have great credit, and around 100k HELOC

Basically is the REO agent correct that only cash buyers should pursue these types of properties, or is he Bsing me and just wants cash buyers because its easier to deal with?