my realtor insists it is legally ok to accept multiple offers at the same time  as a seller on short sale   what should i do?

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Hi Donna, here in Florida (not sure about other states) even if you are in default you are still the owner and in charge of your house and your realtor. Yes, it is legal to receive multiple offers BUT you and your realtor should sit down and pick the best offer, you, the seller, then accept this offer and instruct your realtor to send it to the bank to start the process and hopefully one with a happy ending for all involved. If your realtor doesn't like this, run, quick, and find yourself another agent.

I won't even get my buyer involved when an agent tells me that they are submitting multiple offers to the bank.

It is a disservice to you, to the buyer and his/her agent to keep submitting offers to the bank. I believe that the bank will then stop one they're processing because they got a better one...what if this happens 2-3 months into it? This is just not fair to anyone. You may end up foreclosed on if this game continues on for months. The market is not static and values fluctuate, so, an offer could potentially be good or bad or right on depending on which way the market is moving...not a good way to do business in my opinion.
Technically you can NOT have more than 1 Ratified Contract. You can ratify one contract and keep others as back ups, but I NEVER submit more than one offer to the lender. Like Nedy said, it is not fair to keep more than one buyer waiting for a short sale approval.

I treat all my short sales like any regular listing. If I get more than one offer, I will let all the agents know they are competing with other offers and give them a deadline to submit any changes prior to meeting with the owner of the home.

When I meet with the owner, we go over all the offers to see which is the strongest offer to submit to the lender for approval. Believe it or not, price does not necessarily make an offer stronger on a short sale.

If I have 2 offers that are similar in terms, let's say a price difference of $15K. I will ask the agents how patient their buyers are. I've had agents submit offers with addendums asking for an approval within 15 days, (not likyley on a S/S) and I've had agents tell me their buyers really want the home and will wait the 60-90 days it may take for the bank to approve the sale.

Which offer do you think I will advise my client to accept and submit to the lender?

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