I made a short sale offer in June, in the name of my LLC. The short sale was recently approved, but at $20000 higher than my offer price. I went up $5000 on my counter offer but the lender refused to budge.

The house has been relisted on the MLS, at the newly approved price. The same agent that put in the offer says we can wait a few weeks and resubmit the offer (this time in my name, instead of the LLC's), and that the bank won't have any idea that I made the other offer because the old paperwork will be purged from the system and the new offer will be assigned to a new negotiator. He says there is a chance they may approve it at my asking price this time if we try this.

My question is: can I get in any kind of trouble if the lender finds out somehow that I am the manager of the LLC that made previous offer? Is there any risk to doing this, other than tying up my EMD for another few months and possibly not getting approved at my asking price again?