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Steven Senter

Short Sale vs Loan Modification

Seems like I just keep coming across folks who are really confused about the Loan Modification process and the Short Sale process. I get that call of desperation from a confused homeowner who is in financial turmoil and in the midst of a loan modification that seems to be going nowhere. The simple question to ask is "Do you want to stay in the home, if you can afford it?" Spoke to a caller today who convincingly answered 'NO' to the question. Then a loan mod is completely the wrong solution to the situation. Instead the caller needed to get out of the home altogether and move on with life.

The difference is a loan modification is designed to help people who have suffer a temporary setback, stay in their current home. The short sale process is designed to liquidate a property that is upside down. See the difference?

Alot of confusion out there and many could really benefit from knowing the proper solution for them. Unfortuanatley, there does not seem to be many places for these people to get good & credible information.

RED Day Community Outreach

Our vision for this day is that all Keller Williams associates across the United States, as the 3rd largest real estate company, will actively engage in a coordinated effort to improve their local community. Activities may include rehabbing a house, cleaning up a local trail, providing food for the homeless, or any other service related activity needed in your community. This will be one of the single biggest events ever undertaken in the real estate industry, and could possibly inspire others in the real estate industry to start their own community service project. The local Keller Williams franchise has elected to support the elderly members of the local community through the Salvation Army in a Spring Cleanup including window cleaning, yard maintenance and planting, painting and general sprucing up.

If you are interested in participating, please give Steven Senter a call 630.513.3900 or for more information, see www.kw-fvr.com.