Bank stalling short sale

[Mike Hopkins]

I applied for SHort sale before I missed my first payment. It was approved 8 months ago. The rpoblem is that Wells Fargo keeps having my home appraised and the value comes up near what I owe.
They finally dropped it 15$K but it won't get anyone to look at it at that price. 2 miles away a new community( that is dead- no new builds) is selling brand new homes with a free lot- essentially selling the houses n@ 40-50K under mine.
What can I do to get the bank to acknowledge this? Is it possible that my home would go into foreclosure if they aren't willing to budge to what the market will really allow? In 8 months 4 people came to see it. 3 of them after the price dropped recently. The house is in good shape- nothing wrong with it in the best school district in my area.
Is this typical or am I missing something?