Trouble with 2nd mortgage

[Ken Hughes]

I am having trouble with Chase on a second mortgage. After numerous conversations they continue to say they will settle for nothing less than the full amount $50,000. They are saying my bid for the house is to low at $132,000. I do not understand their fixation with the $132,000 since the are not they are not the primary lender. Their are no current comps in the area and the current listings run about $240,000 with nothing moving. Chase requested a BPO which I walked with realtor and reviewed the area MLS with her and while she did not give me her BPO price she did say those listings are not moving because they are to high. In my most recent conversation with Chase they said the BPO came back at $300,000 which I know is rediculous. Has anyone else had these issues or advice. Thanks.