Great name! I checked your other questions. Your problem will have nothing to do with buying for cash. If there is any problem in the future it is because you are trying to find a way to circumvent the â€œarms-lengthâ€ requirement that all lender require of a short sale transaction.
The type of financing or paying cash for a short sale home has no bearing. The transaction should transpire and close the same if not sooner if it is a cash sale. Most banks will require review and approval of the settlement sheet, so using a title company to provide you with a title commitment is important. If they can provide title insurance, then you may want to pass.
No there is not just like they said below make sure the tilte is clear and that there are no open permits. Allot of banks actually prefer cash buyers because of the conditions that some of these properties are in.