Potential Short Sale purchase

[Julia Deck-Russell]

While I've done several purchase, fix and flip, I haven't bought a short sale. I am currently negotiating one. I made an offer seven weeks ago. Cash, no contingencies, close immed. 

There was an offer $10k higher than me than needed financing. The bank/seller wanted them but they dropped out. Now the bank has finally responded with a "net offer acceptable to satisfy FHA" which is $3k higher than our initial offer- which wasn't a net offer. Is that their true bottom line?

The listing agent isn't a short sale agent/specialist. Very nice person who says she cannot resubmit an offer that doesn't meet the net offer counter (which was an email from the bank). She wants a HUD with a net of the banks amount they stated in email.

My title company created a HUD with the net they want on line 504. However now the agent is saying it needs to be about $7500 higher to cover commission etc.

My questions are:

Am I able and will the seller/bank consider an offer lower than the net they've stated???  (There is one other cash offer but it's $1k less than mine. ) worth trying?  CAN the agent submit (she doesn't think she can)

The appraisal is $13k higher than they are saying as net they need. 

Thank you for any experienced input!!  Julia 

[Tan Mehedi]

Julia Deck-Russell run your final number through BP calculations. If the number make sense then offer that number. Don't just put a number because bank said so. All they can say NO and you keep moving. Don't try to stretch the number because of outside influence or emotion. Take the emotions out of the equation and you will NOT get burn