Hi Cee,

Normally the most money a seller will NET, after closing costs are deducted, is what the seller will look for. They want a higher bottom line. It is ULTIMATELY up to the seller of the home to accept whatever offer they choose, and forward ONLY ONE offer to the lender doing the Short Sale.

Please visit the link below for more information on Short Sales and Foreclosures (REOs).

Thank you,
Scott Thiel

Short Sale means the bank has to be willing to take less than is owed on the home. The 2nd mortgage holder (if there is one) is wiped out and generally gets no more than $1000.

Short Answer: They want the highest and best offer. Cash and quickness speak loudly, but they want as close to the amount owed as they can get.