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About The Coveny Team:
About Susan Coveny - Information about The Coveny Team of Long Grove, Buffalo Grove, Vernon Hills and Barrington, Illinois Testimonials - Read what The Coveny Team's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Illinois home buying & property selling information is guaranteed by The Coveny Team. Privacy Guarantee - This Long Grove, Buffalo Grove, Vernon Hills and Barrington real estate web site will respect your privacy, guaranteed by The Coveny Team. No Obligation Guarantee - The Coveny Team's real estate help by email is free & without obligation for Long Grove, Buffalo Grove, Vernon Hills and Barrington home owners in Illinois. For Real Estate Agents - Let The Coveny Team help you with your professional real estate broker and agent needs in the Long Grove, Buffalo Grove, Vernon Hills and Barrington area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact The Coveny Team. Go to Main Sitemap - Main sitemap sections include Find Long Grove, Buffalo Grove, Vernon Hills and Barrington Homes, For Home Buyers, For Home Sellers, Long Grove, Buffalo Grove, Vernon Hills and Barrington Information, Real Estate Resources, and About The Coveny Team. 
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Short Sales >3. How to Prepare for a Short Sale If a homeowner is facing foreclosure and wishes to explore short selling their home as an alternative, it is crucial to get help from a trusted real estate agent. With the agent’s help, this is how the homeowner will prepare to short sell their home: - Agreement. The homeowner must get the lender to agree to sell the home at a loss.
- Documentation. If the lender agrees to a short sale, the homeowner will need to provide documentation to the lender indicating that he or she is financially incapable of paying for the loan. It depends on the lender, but the documentation usually required can include:
- A hardship letter explaining why the homeowner is unable to pay the mortgage.
- Recent tax return forms, W2 forms, and/or 1099s.
- Recent paystubs.
- Financial statement detailing list of assets and liabilities.
- Consultation. The last thing a financially stressed homeowner needs is more financial stress. The homeowner should consult with an attorney to find out whether or not difference between what the home is worth and what the home sells for will be taxed.
- Communication. Everyone needs to communicate during this process. The homeowner needs to communicate with the lender to make sure the lender has everything needed to apply for the short sale. The homeowner and the lender need to be in constant contact with potential buyers to make sure they stick around.
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| Q |
What 6,500 seat American theater was the location for the scene where the original 1933 King Kong breaks his chains onstage?
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| A |
The famous Shrine Auditorium in Los Angeles, built by the Shriners in 1906 to resemble an exotic Arabian mosque. |
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The Coveny Team
RE/MAX Prestige
410 Robert Parker Coffin Road
Long Grove, IL. 60047
Phone: 847-634-6300
Fax: 847-634-6266
website: www.covenyhomes.com
efax: 847-665-0403
Email: susan@covenyhomes.com
The Susan Coveny Team assists their clients by focusing on these seven priorites:
1. Providing Quality Service
2. Providing Professional Advice
3. Delivering a Successful Market Plan through Innovation
4. Addressing the Customer's Individual Needs
5. Team Work
6. Meaningful Communication
7. Continual Professionalism
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