We have heard of some banks doing parallel short sale/foreclosures. This means that one department is working on the short sale and another department is working on the foreclosure, and which one is the fastest wins. Now, in regard to the short sale, the status of the listing may be contingent, meaning that the bank has accepted all of the purchase offers that it will consider. If you do not have a Buyer's Agent, you should retain one. A Buyerâ€™s Agent will protect your interests and his/her commission is paid by the Seller.