Maybe I was napping, but are the larger lenders (Bank of America, Wells Fargo etc) now willing to look at more than one offer, signed by both buyer and seller, at the same time?  Last I knew that was not

accepted practice, but I have brought a buyer to a short sale and both our offer and the offer of another buyer have been signed and appear to have been submitted to Wells. 

Is this now ok? 

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Multiple offers can be signed by the seller in North Carolina and presented to the bank/3rd party lender.  Here is the text, taken from our state of NC Short Sale Addendum (required for all potential short sales). Pay particular attention to section (c).:

Other Offers/Additional Contracts:

(a)  Rules of the NC Real Estate Commission require offers from other buyers received by the Seller’s Agent to be presented to the Seller. The NC Real Estate Commission also requires the Seller’s Agent to inform Lienholders of all offers and contracts of sale on the Property received after a request for a Short Sale has been submitted to any Lienholder.

(b) Seller hereby represents to Buyer that there  is or  is not an existing contract of sale on the Property ("Existing Sales

Contract")

(c) Offers from other buyers may be accepted by the Seller and become sales contracts ("Additional Sales Contract") Seller or Lienholders may, prior to the Notice of Approval of Short Sale, elect to substitute any Existing or Additional Sales Contract for approval by Lienholders and withdraw this Contract or any Existing or Additional Sales Contract from consideration by Lienholders.

(d) Unless this Contract has been terminated, Seller shall promptly notify Buyer in writing of the occurrence of any of the

following events:

(i) Seller’s acceptance of any Additional Sales Contract; or

(ii) Seller’s or Lienholders’ substitution of any Existing or Additional Sales Contract for this Contract for Lienholder

approval; or

(iii) Short Sale Approval of any Additional Sales Contract; or

(iv) Seller’s closing on any Existing or Additional Sales Contract.

(e) If not sooner terminated by Buyer or Seller hereunder, this Contract shall become null and void upon the completion of

closing of any Existing or Additional Sales Contract whether or not Seller notifies Buyer of any such closing, and any

Earnest Money Deposit shall be refunded to Buyer.

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