Banks often play fast and loose with offers on short sales. It’s highly uncommon for them to close quickly, more often than not, the sale process takes MONTHS. Bottom line, if they haven’t responded to your offer, it’s time to move on and find a home you can actually buy!
Good Morning. What I think happened if this is actually a short sale is that the Listing Agent and/or the person or company negotiating the short sale was trying to see if you, as the back up offer, could close quickly if the first deal fell apart!
It is not the bank in my opinion as they only see 1 offer at a time! I know first hand how short sales work, so if you have specific questions, please ask me. You can reach out to me directly if you’d like and I can share some insight with you to be better prepared if you are looking to purchase a short sale!
If the bank accepted an offer and signed a purchase agreement with another party first, then they can certainly re-negotiate that agreement even if they talked with you.