Advice needed on a short sale in FL

[Cliff Durrett]

Ok, so I have someone doing a short sale on their property (planning to)

But does anyone have advice for shorting just the 2nd, or need to present to both 1st and 2nd?

Owed is around $550k, $275k 1st, $271k 2nd, BPO is $295k, both lenders came back with appraisals of $360k (the 1st) and $350k (the second) using nonsense repair estimates when she was in BK recently. Estimates are way way over $100k in repairs and they claim in the appraisals that you can do a roof, paint, flooring, new ac, pool replacement plus pump and plumbing, 100' fence, new kitchen, remodel 2 baths and all new flooring as well as re plumb the house in a 2200sf house for.... $45k!

So Im assuming even contacting the 1st is a waste of time, as they can get full payoff at FC sale, and its the 2nd (Mr Cooper/Fannie) that is needed to be shorted as they show the value $200k less than what they are owed.

Any suggestions on how to do this is appreciated, really just need the 2nd to take a short.

Thoughts?

The RE Broker feels to try to short both, but not sure why they even think thats possible.

Other groups to post this in?