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

Time to short sell your home?

Not sure what a short sale is? A short sale is when the amount of the outstanding loans is greater than the amount for which the home could sell. This situation is usually caused by home values in an area rapidly declining.

For many homeowners, a short sale is an ideal way to prevent foreclosure or bankruptcy when they can get the lender to forgive the difference.

The process of a short sale...

First, find out the true market value of your property. For those whose finances are already strained, engaging a licensed appraiser may not be feasible. Therefore, a knowledgeable local real estate agent that knows the current conditions of the Tucumcari real estate market is a smart way to get a realistic idea of your home's value.

If you have any concerns about real estate or the process of going through a short sale in Tucumcari, New Mexico you can contact me here or e-mail me.

Next, determine your closing costs. My experience means I know to account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, get in touch with your lender and notify them of your situation. They may even have a specific department that deals with short sales. Ask about their particular steps. Some lenders will be more willing to work with you than others. They may be able to decrease how much you owe 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.

Your Information

* Name:

* Email:

Phone:

Street Address:

City:

State:

Country:

Zip/Postal Code:

Some Details

When Are You Moving?:

Where Are You Moving?:

Preferred Selling Price?:

Number of Bedrooms?:

Number of Bathrooms?:

Size In Square Feet?:

Any Comments, Concerns, Or Questions:

SMS Messaging:

By checking the box, you agree that McElroy & Associates may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.