http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ In a Multiple Counter Offer situation, the seller is making counter offers to more than one party.&nbsp; If your acceptance of their Multiple Counter Offer were binding on them, there could be the possibility that they would wind up under contract with multiple buyers, which would be a problem.&nbsp; The Multiple Counter Offer clause that they checked means that even if you accept their counter offer, they need to re-accept it for it to be binding.&nbsp; This way if multiple buyers agree to their terms, they can pick the one they go to escrow with.<br/><br/>So if you've not received this form back re-signed in writing from the bank, you do not have a contract on the property yet.<br/> Wed, 15 Apr 2009 18:52:00 GMT http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ 2009-04-15T18:52:00Z http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ She says it was a multiple counter offer.&nbsp; This seems to be a oxymoron to me. &nbsp; Wed, 15 Apr 2009 18:42:00 GMT http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ 2009-04-15T18:42:00Z http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ if that is checked, then you do not have a contract yet. what does your <a href="http://www.zillow.com/directory/real-estate-agents/">Realtor</a> say? Wed, 15 Apr 2009 06:16:00 GMT http://www.zillow.com/advice-thread/2-part-accepted-counter-from-bank-REO-Can-they-back-out-now/223802/ 2009-04-15T06:16:00Z