Cash is King! Because you wouldn't be applying for a loan, you would have no problem with this.

Of course if you do hit Megabucks, you should call me so we can start looking for the perfect Bay front home complete with boat dock & Yacht in Newport Beach, CA!!!!

I am inclined to say yes you should be able to buy a home with cash. Two things to note here. (1) Some banks on foreclosures/short sales require the purchaser to fill out an information statement to check for FDIC fraud and to verify you are not related to the seller of the house you are buying. Not sure if that would affect you in this situation. (2) The lender from the house you just lost to foreclosure could come back and sue you for a deficiency judgement which could end up resulting on a lien on your new "paid for in cash" house. To find out more about deficiency judgements under Nevada law you should consult with a bankruptcy attorney before buying your "new" house.... all of this occuring after you with the Megabucks of course. :)
Best of luck,
Nichole LaVigne
Prudential Americana Group Realtors
702-544-4022

Ruth,
There would be nothing to stop you from buying a home cash as long as you can provide proof of funds at the time of purchase.