Short sale and counter offersWe made an offer on the short sale that is about 6 to 10 percent below market value. The offer was accepted by seller and submitted to lenders. The primary lender is paid off and the negotiations are going on with secondary lender. The secondary lender is getting about 24 percent back and has to agree on a 180k loss. The secondary lender got the appraisal done and we are waiting for their response. Does this scenario appear favorable? Can we hope to get this closed soon? If the second lender rejects the short sale, would they not risk loosing 24 percent of their outstanding loan amount? I guess that should be a big motivation to get the short sale approved. I am also worried that if they come back with a high counter offer then the 6 to 10 percent discount I am getting on the property might be wiped out making the long wait and anxiety associated with short sale not worth it. Do the lender counter at market value or they pass on some discount to the buyer since this is a short sale?November 07 2012 - San Diego00YesReport 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.