Since you filed for bankruptcy, your personal obligation to pay either loan is discharged, which means that the 2nd lienholder has no way of collecting from you -- it can't even sell the loan to a debt collector. Which means that it would be nuts to refuse your offer, because it's free money.
Unfortunately, the only thing that you could have done to force the 2nd lienholder out would have been to file Chapter 13 and then sue the lender to strip the lien. This is now impossible, and it would have cost you more than $5,000 to do so.
BotXXXXX XXXXXne is that you're wasting your time with a short sale, unless a buyer wants to take the property "subject to" the 2nd lien. Which isn't going to happen.
Not really sure why it matters to you at this point. If it were me, I wouldn't want prospective buyers walking through my home, unless there was money in it for me. So, unless you have some side deal going with the real estate agent (DON'T TELL ME, EITHER, because that's federal felony bank fraud). then you may as well just let the property foreclose.
Hope this helps.
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Well, your disclosure to the 1st lienholder avoids criminal liability. But, it doesn't really change the outcome, which is that there is no legal means to force the 2nd lienholder to cooperate. All you can do is try to negotiate -- by raising your offer. Though, pretty soon, it may not be worth the effort.
Best of luck.
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