Would lender in Sh/Sale accept offer equal to ask price or wait for more offers. GMAC in particularDo lenders in a short sale typically wait for multiple offers before deciding to accept? How long would the lender wait to make decision? Any specific knowledge about GMAC in particular?January 24 2011 - Gainesville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.