Short Sale Offer Rejected is there Documentation from the Bank?

[Dan NA]

Hi all, well I have been looking into another short sale recently. I put in a bid along with 3 other people (2 months ago). I was the highest bidder and the bid went to the lawyer and the bank. A month and half later the bank comes back and says the bid is too low.

Originally the property was bank approved (by chase) at 240k. We offered 220 plus closing costs (Probably around 8k). We have our own agent the bank as its own btw. So there agent comes back to us and says that the bank now appraises the property for something like 260k but he thinks he can get them down to 240k if we counter it.

So for a week our mortgage guy has been working the numbers. But I asked if the bank would give us that in writing (that they rejected our offer) and I was told that the bank doesn't do that. So then I am thinking suppose the real estate guy is lying? How do we know and can we trust the other agent when he stands to make more money if we upbid ourselves.

Today he also came back and told our agent that he has another buyer that is willing to offer above asking price. I noticed online that his company is still listing the property as for sale even though it is under contract.

Any thoughts or suggestions? I feel as if someone maybe be lying but again I am not sure.