For Short Sales, the lender can counter with a higher price than the owner accepted or even counter at a higher price that the listing price. Hopefully the lender has been involved with the short sale and knows what price the home is being marketed at, but sometimes the lender hasn't approved the short sale price. If there is a 2nd lien on the property, the 2nd lien holder has to approve the sale in addition to the 1st lien holder. It can be complicated and it does take some time to close these short sale properties.
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