I have never seen a loan amount listed on a short sale before, it would seem odd to do that. If $150k was owed on the loan and they were selling short they might list it at something like $125,000 and try to get the bank to lose the other $25,000. the bank could say no, we will allow a sale at $135,000 but not less. Then it would be up to you to accept it or not. That is how a short sale works. If they tell you the loan is for $150,000 and you offer that amount the bank will want to make sure they get the $150k and the seller would have to pay the Realtor and fees to close. The seller could ask the bank to pay those fees for the seller in which case we are back to a short sale with the need for the bank to approve it.