I have a couple newbie short sale questions:

*When does mutual acceptance actually begin with the short sale offers?

*Can I submit an offer to the bank without having the complete purchase and sale agreement signed by all of the sellers?

Mutual acceptance begins when the buyers and sellers have accepted the deal in writing. Just make sure to include "subject to short sale approval" in your offer somewhere. This way the contract is contingent upon the approval from the short sale.

Most banks will not entertain an offer that is sent in without execution from all necessary parties. They don't want to waste their time with something if they don't have a solid deal.

Agent 007 is 100% right.

I wouldn't be surprised if someone posts that they have been able to send an incomplete contract and get the short sale done. But probably about 98% of the time without a completed contract the lender will not want to look at it.

Chris