What Happens If? (closing issue)

[Mark A.]

Hey Guys
We have done this before and had to jump through some hoops but managed to get it worked out when we decided to wholesale a property instead of rehabbing and retailing it but this time we seem to have a problem.

OK, here's the situation.
We have a REO property under contract, the closing date is set for 11/21. We have found someone who wants it more than we do and has agreed a price etc. (it's a sweet deal for us)
The problem is, the selling bank has already assigned the closing/title company and flat out will not change it.
We know the title company is the worst on the planet and they flat out will not do a double close for us (even with us bringing all cash for our part of the close)

We have a potential $20K in this deal.
How the heck can we sell it on to our buyer (cash also) if the bank won't change the title company the the title company doesn't want to play ball with us ona double close?

Any suggestions or am I flat screwed?

There has to be a way around it somehow (I sure hope so)
Thanks guys.

Mark