GMAC short sale buyer; made offer under asking 2 weeks ago

Tips and Deals Forums Buying Your Home GMAC short sale buyer; made offer under asking 2 weeks ago

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      Anonymous
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      We have not received a written response to our offer. Seller’s agent now says GMAC won’t even consider offers under asking.
      1) I’ve read reports of GMAC approving short sales under asking. True?
      2) How can she even initiate the short sale on Equator without a signed purchase agreement?
      3) Shouldn’t we get an acceptance/counter/rejection from seller first?
      4) shouldn’t GMAC properly counter through Equator?
      5) Should my agent, as potential buyer, be informed of progress through Equator?
      6) My agent says we should submit another offer at asking. Why would we increase our offer $20k based on hearsay?
      7) All seems kind of sketchy to me. Advice?

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