Property in probate/forsclosure

[Sean Dougherty]

Interesting situation: I have an offer in on a probate property. Property is in foreclosure. No equity in home and a special administrator has been assigned by court as the PR. Thus this deal would be a short sale. Administrator has told me he will submit my offer to lender if I pay his flat fee (5k) and include proof of cash funds, (home in unfinanceable). I have done so, along with providing contractors repair estimate on the home .

Now administrator is saying offer is too low and he will not submit. Considering this is a short sale and he is getting his flat fee in any case, why would he not allow the offer to go through and for the bank to negotiate with me if price is too low?

The estate will gain nothing by rejecting my offer, rather everyone will gain. Am I missing something here?

[Wayne Brooks]

@Sean Dougherty There is No value to a seller tying up their property in a short sale with a low offer which the bank is not expected to accept.....especially with the property in foreclosure, an offer that won’t be accepted simply takes the property off the market for 60 days or so. I never let my sellers of short sales tie up their property with a low ball offer. 
Heirs don’t care about going through a short sale as there is no benefit to them. 

This isn't a reverse mtg is it? They Have to sell for 95% of a current FHA appraisal.