The thing is i'm going pay by cash. I will not make a loan for the property.

Does the listing say it IS owner occupied or that financing will be available for owner occupied. There is a drastic difference between the two.

Oh I have to read it again. Thank you very much for your information.

Also, regardless of how you pay, if the listing specifies that it is for owner occupied buyers and you know it will not be your primary residence, you are misrepresenting your intentions for purchasing the home. Generally, with REO properties, owner occupied buyers are given preference to non-owner occupied buyers. If you will not be making this home your primary residence, despite paying by cash, I suggest you disclose that you will not be occupying as a primary resident. Otherwise, you may be on the receiving end of a lawsuit.

As always, be sure you get all the info you can if it is currently owner occupied. Properties that are currently owner occupied are delicate to handle for obvious reasons (the owner is being forced out by foreclosure, etc)