Seller Pays Difference in My offer and what the Bank WantsI put in an offer on a short sale. I did not know that my realtor put in the contract I would open escrow at sellers acceptance not sellers bank acceptance. Now a month later my agent tells me the problem the seller has is the bank wants the seller to pay the difference between my offer 500,000 and what the bank wants 550,000. I told my agent that doesn't sound right because it is a short sale. Isn't the bank letting them out of their loan with a short sale? The bank countered for 550,000. If I reject will I get my earnest money back? Will I owe the settlement company?June 26 2014 - Fairfax00YesReport 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.