Im going throuhg this same exact thing right now!  heartbreaking.  We appraised 8,000 below accpeted offer.  For the type of loan we have Chase will need to accept a offer of 89,100 whcih has been submitted.  We submitted this offer Oct 27th and still have heard nothing  How long did it take you to hear back that they accepeted the lower ammount?  Who was the sellers bank?