CLOSED! Amesbury Massachusetts Short Sale – Fannie Backed with Tom McGuirk

CLOSED! Amesbury Massachusetts Short Sale – Fannie Backed with Tom McGuirk

Amesbury MA Condo Short Sale

Amesbury MA Condo Short Sale

This was a condo that Tom brought to us to negotiate, that actually had another agent listing it, but he admittedly had no short sale experience.  He thankfully knew Tom who has a TON of default property experience or short sale experience in Massachusetts and New Hampshire.  I actually have lost count as to how many deals I’ve worked on with Tom, but any with Tom are a pleasure.

This was a FNMA backed condo so we immediately knew there would be a counter and we prepped the buyer. So we definitely called it and FNMA through Seterus as a servicer countered, and our buyer accepted. FNMA will ALWAYS counter. Sometimes their counters are completely off the mark and some thankfully are within range of what a buyer is willing to pay.

What we didn’t account for was a bogus condo association statement.  Fannie wouldn’t allow the overdue condo

Tom McGuirk - Short Sale Realtor

Tom McGuirk – Short Sale Realtor

charges which left it up to us to be creative.  The problem is the statement we got was not even remotely accurate.  I will tell you this was not the condo associations fault, but that’s all I can say.

I AM happy to say that between all of us, agents, attorney, our firm we were able to get the condo dues paid and this deal closed.  Not the way I wanted, but any closed short sale is still a win!!!

Thanks to Tom, Julie in my office, Grugnale Law and Seterus for approving the sale!

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