Short Sale - Multiple Offers

[Steve K]

I don't usually bother with shorts, but I made a cash offer on one sight unseen a few days ago. Got a response saying that it's gone to a multiple offer situation and the bank is requesting highest and best cash offers with a 7 day closing. I understand this scenario on a bank owned property but i'm surprised to see it happen on a short sale where the "owner" is still living in the property.

Anyone else seeing shorts go like this? I suppose it's good news if it is legit, but my offers are never the highest.