On short sales...all logic, common sense and savvy is nearly extinct. Great game show question here

Might be luckier rolling the dice than second guessing a bank especially on short sale.  Good luck

Peter Mohylsky - difficult to judge,,,,

After all its a short sale!

Higher priced one IF the financing is a lender they know and trust. Cash often isn't really cash at closing

Richie Alan Naggar got this answer right! No rhyme or reason or common sense in short sales.

A Short Sale and Quick in the same sentence ???????????????

I think that Richie Alan Naggar , Mary Yonkers and other have called this one pretty accurately.

That's the million dollar question! 

You must do short sales differently than I do. We pick one & submit one to the bank. They are only interested in their net.

Quick close on a short sale?  Not sure they know the meaning of the word "quick" but I'm going to guess the higher amount.  Who knows with banks, though?

You are talking about a bank and they do things without rhyme or reason

I gave up trying to predict what banks will do a long time ago 

Peter who knows! Depends on bank. I stopped taking short sales 3+ years ago so I'm not up on what craziness is going on anymore!  Good luck with this sale!

Just roll the dice ... they may not accept either ... they could counter. 

Hmmm I have no idea it will be interesting to see what the bank does let us know!

I have no clue.  But, if the $660K is close to appraised value, that would be my guess.

Is this a question of logic?   If so, all bets may be off.  

this could go either way, short sales are hard to say.

We submit only 1 contract between Buyer and Seller to the lenders...

anything else is a "back up offer"

IMO the 660 - it's a numbers game with them and they want the numbers - let us know Pete

660 if there are no other contingencies in that offer that can kill the deal. 

Good luck.

Cash and fast settlement?

You should never send 2 offers to a bank. A bank has time. A quick close does not matter. A bank only loses money on a short sale. They would prefer to sell it for more and wait. They also would prefer to foreclose and collect on the PMI than lose money on a low ball offer. Peter Mohylsky  I would take the high offer. Make sure the buyer includes a pre approval, is ready to close within 30 days of bank approval and remove other contingencies for a better shot at bank approval. 

If I was the listing agent I tell you only have 1 shot not 2. Take your highest and best pick.

They'll probably come back and ask for highest and best. 

Hard to say. Depends on what they think fair market value is, and condition of properties. They should accept both if the offers are in ballpark. Seems like many lenders and investors have their own way of doing business, and many times those ways don't make sense.

The one which is higher if its being under written already without property address.

Who knows? It depends on the bank. I am guessing the better price will get the nod

I believe lenders are always looking for the highest price possible, I don't think cash is as motivating as the higher price. Do tell! Eager to know what they accepted! 

The banks will take the path of least assistance-CASH deal first.

If they are the chosen lender for the higher offer tht one has the best chance.

That is a tough one.  What is the asking price?

No idea.

i think,,,because they recd 2 offers ..they will hold out for the asking price, or raise it..perhaps the bank holding the note will examine the possibility of extending credit to this new buyer

What is the delta between the offers and lair prices.

$660 financed.  The process is so long anyway, cash means nothing to a bank.

My guess would be with hte one that nets the most therefore the financed one.

Most banks I've dealt with as the buyer counter any offer they get as a standard procedure.