Multiple offers on REO's

[Daniel Bradshaw]

Hey Everybody,

Let's say I have a proof of funds letter for $100,000 and I make 20 offers on REO's at extremely low prices only expecting to hear something back about 1 property or even none of them and I hear back from 3 banks and they accept my offers.... Am I bound to buy those 3 properties? What if the total amount adds up to more money than I can get my hands on? Would I be in some sort of trouble?

Thanks
Daniel