There arn't any laws as such that say they have to take the highest offer - the mortgagees are under a duty to secure the best price and may ovbiously take a lower offer from a man with cash in his hand in preference to a higher offer where the offer is reliant on disposal of other assets which may or may not realise.(posted 7310 days ago)It all comes down to which is the speediest way to raise ready cash to clear or reduce the borrowers debt which is going up every month due to interest charges.