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The "pending" status means that there's an offer on the table and that the bank can't consider any other offers (Florida short sale procedure). We signed the addendum today for a counter of $160,000, which was the listing price. The listing agent also submitted about 5 comps to show them that they're crazy for coming back at $185,000. I'm hoping this does the trick and that they'll accept (what I think) is our reasonable offer. Stay tuned...