I think you are describing a situation where only a cash buyer has a chance of closing escrow
Hard to imagine that any loan underwriter is going to sign off on this deal
Pretty sweet if you are in a position to purchase for cash – but remember that when buying with cash you get a HUGE discount or you don’t buy with cash
Being able to buy with cash basically lets you be an asshole and say something like, “I’ll pay 65% of your asking price and we’ll close escrow in 14 days, take it or leave it”
Since the seller can’t sell to anyone but a cash buyer, they have very few options
