Approved short sale where the minimum is spelled out

[Sam Leon]

I have done short sales but this is the first time looking at an approved short sale, the listing agent says the offer price cannot be less than X.

So in the case where the bank has already approved the price, does the offer price ABOVE THE MINIMUM still meaningful?

In the event of a multiple offer situation, where the home owner seller would select which buyer, what is the difference to the seller if the offers are X, X+$100 and X+$50000? There is no substantial difference to the seller correct? This is of course, assuming, the lender fully releasing the mortgage and seller released from all obligations under the note and mortgage and the lender waive all rights to collect on any deficiency amount.

In other words, the only thing that matters to the seller is the terms - the contingencies, is there an inspection? Is there a financing clause etc...

Or does the offer price still matter, I guess if the seller has to pay tax on the shorted amount then that amount would be different.

Thoughts?