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