How to Buy Foreclosures in Santa Maria – What Type of Offers do the Banks Want? November 7, 2010 Vandenberg AFB Homes Foreclosure / Bank Owned (REO) Info, Santa Maria Cash Offers. Banks love cash offers. Why? Because they can close quickly and without any requests for repairs from a buyer. What is the down side to a cash offer from a bank’s point of view? Cash offers tend to be lower than financed offers. Read More→