We are pre approved and searching. We have found 2 we wanted, and lost the offer war against other buyers both times. I know what to look for structurely but the rest is getting frustrating. One of the houses was a foreclosure and I think we just got beat out because someone gave the bank a cash offer and they snatched it instead of taking financing even if our offer was higher? The house was last assessed for $125,000 and the bank was asking 65,900 our realtor told us that our bid was beat and we then went to 70000 and still lost...any advice?