I have seen more and more banks doing exactly what Trevor is talking about.
There are special addenda that are in there saying that even if your offer WAS accepted and they were going through the short sale process, if another offer comes in, the seller and selling agent are responsible to evaluate that offer and if the offer is better, to accept the offer and submit it to the bank as well.
The seller and seller's agent are protected because all short sales are "subject to lender approval." Accepting two offers is not a problem because the lender will only approve one, but they want to see all of them.
Short sales are a hastle, they are frustrating, they are confusing, they make you want to absolutely pull your hair out (if you have any left).... and they are the new real estate transaction of today unfortunately.
It's more than real estate. It's RAYL-Estate!
Brian Rayl, REALTORÂ®, e-PRO, SFR
Keller Williams Elite Dallas Park Cities