Is it legal for a bank to accept a cash offer on a house instead of a higher bank loan/mortgage offer?.?

A cash offer was put on a foreclosed home that had some questionable things that might make it ify to pass inspection. A cash offer was made and an bank/mortgage offer almost a couple thousand dollars higher was given at the same time. The bank accepted the lower cash offer most likely because they didn’t have to wait for the house to pass inspection. Is that legal?

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