Short sell your home and avoid foreclosure 575 461-2100

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

Are you ready to short sell your home?

Not sure what a short sale is? A short sale occurs when the value of a home is less than the amount of the outstanding loans. This can be caused by many reasons, but most often is a result of a rapidly declining housing market.

Short sales may be a way for homeowners to prevent foreclosure and get out from under their loan with the lender by settling.

What's involved in a short sale?

First, assess the true market value of your home. Since paying for a licensed appraiser may not work with your already tight budget, a knowledgeable local REALTOR^® that knows the current conditions of the Tucumcari real estate market is a smart way to get an accurate opinion of your home's worth.

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

Next, estimate your closing costs. My experience means I know to consider fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, get in touch with your lender and notify them of your situation. They may even have a particular department that oversees short sales. Ask about their particular procedures. Some lenders will be more able to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to give approval 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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