I had a conversation with my agent yesterday and she explained to me that in order to submit the 27 offers that I have selected, I will need to provide 27 different checks for earnest money. All of the properties that I am making offers on are REOs and she says that the the banks will verify the check to make sure that the funds are legit once the offer has been accepted.
What I have been doing is using one check and making a copy of it simply for submission so I will avoid wasting multiple checks. When the offer is accepted, I will use a different check with the same amount to provide for earnest money. She says that it appears that more than one of my offers may be accepted and this will create a problem when more than one bank verifies the funds on a single check.
Regardless of her concern, she has submitted the offers anyway with the check copies but wants the different checks today. She says she is supposed to have the checks physically in her hand before submitting the offers.
Am I missing something here? I thought my plan was fine? I am not writing fake checks, the funds are there. Why is this a problem before the contract is ratified?