Question about Submitting Short Sale Offers to the Bank

[engineer in sd]

Long time lurker, first time poster.

I made an offer on a short sale this past weekend and the listing agent said that they were going to submit offers today. The listing agent seems to be somewhat of a “straight shooter” because my agent likes to ask what we need to bid in order to win, but the listing agent gave him some ethics shpiel when he asked.

When I had my agent call today to check the status, the listing agent said that they submitted all the offers to bank (with hud), and told my agent that I had the best and highest offer.

1) Is there anything I or my agent can do to make sure that I get this property since I had the best offer?
2) Is it standard to submit all offers or just submit the best offer? My agent says that usually only 1 offer is submitted.
3) Does submitting all offers mean that property is moved from active to contingent or does some other criteria need to be met?

Thanks

[DataAgent]

How long did your agent tell you this ‘short sale’ process will take?

[DataAgent]

How long did your agent tell you this ‘short sale’ process will take?

[DataAgent]

How long did your agent tell you this ‘short sale’ process will take?

[DataAgent]

How long did your agent tell you this ‘short sale’ process will take?

[DataAgent]

How long did your agent tell you this ‘short sale’ process will take?

[engineer in sd]

My agent said if the other agent knows what they’re doing it would probably take 6 weeks.

Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months

[engineer in sd]

My agent said if the other agent knows what they’re doing it would probably take 6 weeks.

Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months

[engineer in sd]

My agent said if the other agent knows what they’re doing it would probably take 6 weeks.

Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months

[engineer in sd]

My agent said if the other agent knows what they’re doing it would probably take 6 weeks.

Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months

[engineer in sd]

My agent said if the other agent knows what they’re doing it would probably take 6 weeks.

Since it has become apparent that the other agent doesn’t seem to know what they’re doing, he’s predicting it could take up to 3 months

[DataAgent]

If you complete a short sale in 3 months, the stars are certainly aligned in your favor.

There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.

[DataAgent]

If you complete a short sale in 3 months, the stars are certainly aligned in your favor.

There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.

[DataAgent]

If you complete a short sale in 3 months, the stars are certainly aligned in your favor.

There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.

[DataAgent]

If you complete a short sale in 3 months, the stars are certainly aligned in your favor.

There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.

[Author]

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