Does anyone have experience with Bank of America on a short sale. Wondering who decides the price, I placed my offer on a property and I was told by a middle man between the bank and I that they came back at a higher price. However I was also told that the seller would have penalties to pay as well. I am wondering what penalties those are and why they can not except my lower offer? I would assume that the seller pays an amount that is somehow tied to the amount that I am not covering. Just wondering why they would just not put more burden on the seller and accept my offer?