High Counter Offer from bank in short saleWe put in an offer on a house in Vadnais Heights about a month ago for $170 and the bank just counter offered for $200k. The sellers owe about $220 on only one mortgage. Other houses in this neighborhood are currently selling for around $185-200k, and the house we put the offer in on is "worth" $175k. Is it steep that the bank counter offered for $200k, in this case? They NEED to have an accepted offer by August 15th (today is August 1st) or the house will go into foreclosure. What are our options? What should we counter offer?August 01 2012 - Saint Paul0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.