Hello all....Newbie here...... hope I'm posting this in the right place.  My apologies if not!!

After working with Bank of America for a year and a half (losing 7 potential buyers in the meantime) I have finally gotten them to counter offer Chase, the junior lien holder. The property is listed at $470,000, is sitting in an affluent part of St. Louis County, Missouri, and is in need of a tear down to do rapid deterioration from vacancy for a year and a half. My Buyer is a builder and is anxious to break ground. The Seller has claimed Bankruptcy over a year ago, so there is no way Chase can come after the the Seller after foreclosure if it comes to that.

The pay-off amount for BoA is $374,000. The pay-off amount for Chase is $136,000. My short sale approval from BoA is for the contract offer at $370,000. BoA's original offer to Chase was $3,000. Chase counter offered at $50,000. I begged BoA to throw me a bone and was able to get them to $5,000 as a counter offer to Chase. Now Chase is telling me that if they don't receive at least $65,000 that they will allow the first (BoA) to foreclose.

This deal that I have diligently worked on for a year and a half has now turned into a "pissing contest" between two banking giants. My Seller and my Buyer are caught in the middle. I cannot get the woman in Chase's "Charge off Department" to return my calls in a timely fashion, thereby making it increasingly difficult to keep this going with Bank of America. We are SO CLOSE!!! I just need Chase to stop acting like a spoiled child and let us get this done. Why would they ask us to do the impossible, when they as a primary lien holder would NEVER do what they are asking me to have BoA do? They are insane!

Do you have any ideas on how I can get this deal through to close? What is my best way to deal with Chase to get them to see my side and let us close? Any advice would be appreciated. We are slotted to close on June 18th. Does this woman at Chase have a supervisor I could go to over her head? I realize $5,000 is not near $136,000. However, it is better to get a little bit of something than a whole lot of nothing. And, soooo many people lose out if this doesn't close. My builder, the Seller, I lose my commission, BoA loses it's pay-off, Chase cannot go after the Seller for ANYTHING if it forecloses, the neighbors' property values continue to decrease over time, the community suffers, etc. etc.  And, quite frankly, I'm not sure BoA will be able to get this amount on the courthouse steps.  It's MUCH BETTER for everyone if we can get this deal done now.

Does anyone know if it's helpful to go to the media?  Or, file a complaint with the BBB?  Or anything?

Please advise. I'm running out of time and at the end of this long, frayed rope.

Thank you in advance!

Jody Hoffman
Keller Williams Realty St Louis