http://www.trulia.com/voices/Foreclosure/Can_a_bank_accept_several_offers_key_word_is_accep-144364We lost another contract on a house we had because listing agent on bank owned prop called and gave us counter offr.we accepted and cancelled all other contracts because this is the house we wanted.after our agent hounded them for contracts to be signed listing agent said bank had accepted other contract and we were backup. the problem is that apparently the bank had called all 4 offers they had "accepted" and told us all bank had accepted contract. Now we are without a house and out $500 earnest money. I cant possibly feel that this practice is right. There has to be something that can be done.en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-El_Paso_TX-821805/http://www.trulia.com/voices/profile/Real_Estate_Pro-El_Paso_TX-821805/Howdy I am so sympathic to you. You CANNOT or perhaps should not be be out the earnest money and the bank acepted another offer. I will be happy to get your earnest money back for you, just give me a call. 915 471 4300 and lets go over the paperwork you have and set you on your way to a better home yet. Sometimes after these horrible situations a better home comes along and you certainly deserve this! God BlessSun, 19 Jul 2009 23:38:01 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-El_Paso_TX-111985/http://www.trulia.com/voices/profile/Real_Estate_Pro-El_Paso_TX-111985/Earnest money is only deposited when you have an accepted (signed) contract. To be a back up offer you would have to agree and there is an additional form you would have had to sign. Were you represented by an agent? If so contact the,m immediately and demand the return of your earnest money. If you were not represented by an agent you can call me and I will help you. 9153295868Fri, 10 Jul 2009 09:12:53 -0700