BEST ANSWER
Are your proof of funds liquid? In other words, you are saying you are making cash offers, but you just mentioned you are getting a loan from your father-in-law and then the payments go into a trust. Do you have to get the loan first before you have the cash? If that is case, then your offer is not truly an all "cash" offer. For example, many buyers think money they have in mutual funds accounts are cash. This would not be considered equal as cash to an asset manager because it takes time to get the money out of the account, and there may be restrictions. In other words, the cash is not readily available. This may be how your offers are looking to the asset managers -- that you do not have the cash readily available, that it would take time, as in getting a loan. Along with that, if your offers are below asking price, or market value, then you aren't going to get the asset managers to like your offer either. Depending on the property, even cash offers in this current market have to be market value, or very close to it, and little to none seller concessions. Good luck.
Tue Jul 21 2009, 22:54