Full offer on short sale property

[Shannon M.]

Short sale experts I need some advice. Property is under contract on the MLS as a short sale. We are willing to make an offer that will be high enough to not be a short sale. Our offer would pay off the lender and the closing cost/ commissions. Will the lender consider our offer if they are already working through a short sale?

I don't think I am wording my question very well. If you need clarification just ask.

Thanks in advance for your advice.

Respectfully,

[Wayne Brooks]

@Shannon M.

@J Scott

I think Shannon worded it wrong. I think she meant the property is "offered" on the MLS as a short sale, not "contracted" as a short sale. Shannon make sure you know your values. If it's listed as a short sale, there is a reason. How do you know your offer would net enough to pay off ALL mtg.s and liens? there may be more than one mtg.

Assuming the property IS under contract as a short sale AND you are willing to pay a higher amount that would make it a regular sale, then simply submit your offer, and the let the listing agent figure out what to do with it. I don't know your purchase contracts, but some will specifically allow additional offers be accepted, and some prohibit it. But, that is not your problem. Again, make sure you really want to pay that much higher of a price.