[[email protected]]I spoke to a realtor today who said that there were much higher offers but the deal that “won” was all cash. It seems it’s hard to get a really good foreclosure deal without an all cash offer. Would you agree?[/quote]

Which sounds like this was not a foreclosure, but rather already an REO or a short sale. Foreclosures are always all cash. Lenders suck at dealing with REO and other distressed assets.