Short sell your home and avoid foreclosure 575 461-2100

McElroy & Associates is there for consumers needing to do a short sale Tucumcari, New Mexico

Ready to short sell your home?

Not sure what a short sale is? A short sale is when the value of a home is less than the amount of the outstanding loans. Short sales are usually the result of values in a market rapidly declining.

Short sales could be a way for homeowners to avert foreclosure and pay off their loan with the lender by settling.

What steps do I take in a short sale?

First, figure out the true market value of your home. Since hiring a licensed appraiser may not fit your already tight budget, a knowledgeable local real estate agent that knows the current conditions of the Tucumcari real estate market is a smart way to get a reliable opinion of your home's value.

Tucumcari homeowners who are upside down on their home loan and need relief fast should turn to the expertise of McElroy & Associates to guide them through the short sale process. Contact me today for a free consultation.

Next, don't forget about your closing costs. My work in this area means I know to consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, contact your lender and tell them of the situation. They may even have a specific department that handles short sales. Ask about their specific steps. Some lenders will be more inclined to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to give consent for the final sale.

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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