CLOSED! Amesbury, Massachusetts FHA Short Sale!
So FHA short sales are NOT an overnight negotiation. I would say right now that Wells Fargo has it down better than other servicers, and Bank of America is the worst, however, this sale was a US Bank FHA short sale which can be equally as long, but thankfully the buyers knew and held tight for the sale to go through.
Please keep in mind that FHA short sales require an ATP (Approval to Participate) before they will approve a short sale. This means the sellers have met certain criteria that is specified by the FHA in order to move the short sale forward.
Lisa Sevajian Johnson once again facilitated a smooth short sale with us as usual. If you want a short sale done the right way, you’ll call
Lisa to list it.
Thanks again to Julie in our office who also moved the sale through the US Bank system and of course Phenix Title/Grugnale Law!!