About 4 months ago we submitted an offer for a short sale approximately 10% less than the asking price. The agent told us that one offer was eventually accepted at the asking price. 3 weeks ago we learned that the deal fell through because the seller would have to come up with $20k to cover the difference between the proceeds and his mortgage. 3 people who submitted lower offers previously were not willing to buy the property due to various reasons. I was told that our offer was too low to be considered even though it is only 10% lower than the asking price. Has anybody else seen this before?
