How low can I haggle a short sale?

[Arthur Leao]

I'm interested in a property that is listed as a short sale for $30k...  It needs some love.  My understanding is that the bank needs to approve the amount.  How much are banks willing to negotiate?  I understand they are not in the business of real estate and want to get rid of the property, so how much can I use that to my advantage? Or when they set an amount, that's it?

[Wayne Brooks]

Just to clarify.....in a short sale the listing price is Not the Bank's asking price.  It is the owner's asking price, which may have no bearing whatsoever to what the bank may accept.  The bank likely doesn't even know it's for sale.