Question about a short sale!

[Nathan Doherty]

I will soon be closing on my first property which I’m purchasing as a short sale. When this process started I offered the bank 80k and they countered asking for fair market value of 95k and stating that they need a net proceeds of 79,847. My realtor mentioned that once they clear that number the leftover money may go back into my principal but he wasn’t sure and my loan originator told me she was also unsure but she did say that banks can’t profit from a short sale. Is anyone able to clarify for me? Thanks in advance!