Watch a video explaining tax consequences
Can you guarantee to sale my home?
Although we have had great success in getting our listings sold, there are no guarantees. We will do everything possible to find a buyer for your home as well as submit the most complete short sale package to your lender. Our experience helps us to know what type of contract your lender is most likely to accept.
Will this cost me any money?
There is never any money paid by the homeowner to us for the sale of your home.
Do you have an attorney I can call?
J. Clay Cole
Coventry Escrow and Title Company, LLC
Wardlow, Wardlow & Cole, PLLC
7500 Capital Drive
Germantown, Tennessee 38138
Direct: (901) 751-7924
Fax: (901) 759-4190
Do you think I should just do a loan modification instead of a Short Sale?
If you desire to keep your home and can afford to make the monthly payments, then YES you should keep it! In order to qualify for a loan modification, you will need to demonstrate to the bank that you are generating more income than your current monthly expenses. Is this the case? If so, you will need to call your lender and let them know you want to do a loan modification, and see if they will qualify you for their loan mod program. If you aren’t approved, we can then move forward with a short sale. We can’t work the short sale at the same time you are working with your bank on a loan mod.
Can I lease out my house while we’re waiting on the short sale?
We don’t recommend that you lease your home while waiting on the short sale to be finalized. Lenders will not be sympathetic to sellers who are collecting rent payments and not making their mortgage payment. Also, homes with tenants are subject to legal rules (tenant rights) and much more difficult to show and to sell.
How will you decide on the list price of my home?
Initially we will set the price based on his extensive market analysis. Once we have an offer we will submit that to the bank. Once we convince the bank to agree to do a short sale on your home, they will hire their own independent appraiser who will come out and view your home, and set a valuation, based on its condition. In order to get the process going quickly, we will need to send you our short sale package and get all of the necessary information we need back from you first, before one of our team members goes out to put up the sign and lockbox.