Two deals in one month

[Lou Francis]

I just  put in an offer  for  2 bedroom  21/2  bath  condo  for  a  foreclosed  property

the bank is in process of  doing  an  inspection.

in the  mean time  a  3 bedroom  2  bath in a  great area  was  offered to me by  a realtor at  a great price .  what  should I do  ? 

I know I can"t   put  in two  offers  in the same month  or  my lender  will  back out

any  suggestion  ?