short sale-important question!!!

[Frank Walton]

If i have a signed agrement and i am in first place with my offer is it legal for the realtor/homeowner to accept another offer and send it to the bank and then try to get me to raise my offer so i don't lose the house. Because i thought if you have a signed agrement and in first place they can not sign another agrement unless they go is 2nd place, or is it different in a short sale. Because i fell like i'm getting dick around.

[Nick J.]

It doesn't matter what the homeowner signs off on, the lender is the one taking a loss, it's their decision.

I don't know as far as the legality of anything, obviously, that's for a lawyer to answer.

This is why you submit your own offers and don't rely on an agent. I don't know your fully story or why you're buying this house (primary residence or investment, flip etc...) but if you plan on doing this again, you make sure you deal with the lender directly, you submit your offer directly even if there is a silly agent involved. It's your money, don't let someone else be in control of your money