I went around in the Brooklyn area of New York last couple of weeks and made a few offers for foreclosures and the issue that I have been running into is that most of these properties, short sales included, are heavily driven by all-cash investors. It seems to me that putting no money down wasn't an option and if you wanted to put less than 20% down you won't even have a shot because some foreclosed properties have like 8-10 buyers and 2 or 3 would come in with all cash. Believe me I tried to think outside the box on this one but I can't figure out how to out-do these people. I suddenly realize that cash is king in the foreclosure business, at least here in NYC. Does anyone else have the same problem in their bid for a foreclosed property?