Short sell your home and avoid foreclosure 575 461-2100

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

Do you need to short sell your home?

What is a short sale? A short sale occurs when the value of a home is less than what is owned. This may be caused by many reasons, but most commonly 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.

How do I proceed with a short sale?

First, figure out the true market value of your home. If your finances are already strained, hiring a licensed appraiser may not be feasible. Therefore, a qualified local REALTOR^® that knows the current conditions of the Tucumcari real estate market is a smart way to get a reliable estimate of your home's value.

Tucumcari homeowners who are upside down on their mortgage 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, determine your closing costs. My work in this area means I know to take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, contact your lender and make them aware of the situation. They may even have a special team that oversees short sales. Ask about their specific procedures. Some lenders will be more inclined to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to agree to 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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