Cash for Keys
A program where lenders offer you cash incentives to avoid the cost of foreclosure
What is Cash for Keys?
If foreclosure is imminent, and you are considering a deed in lieu of foreclosure, some lenders are willing to offer “Cash for Keys,” whereby the lender will actually pay you to vacate the home in a timely fashion. The money you receive in exchange is intended to pay for your relocation costs.
How Cash for Keys Works
It is in the bank’s best interest to forego the cost and time involved in carrying out a foreclosure. When the bank agrees to give you cash to move out on a mutually agreed upon date, you agree to maintain the property and leave it in a “broom sweep clean” condition. Often the cash is paid upon or after your exiting the property.
How to Get a Cash Incentive in Exchange for Moving Out
If you are considering a deed in lieu of foreclosure, your bank may have a Cash for Keys program that you qualify for.
Facing Foreclosure?
We have just a few questions!
Need Help Now?
Get help from a certified home retention specialist!
How close to foreclosure are you?
[gravityform id=”14″ title=”false” description=”false” ajax=”false”]
[gravityform id=”8″ title=”true” description=”false” ajax=”false”]
Partners
Check out who we work with!
Socials
Join the BSYH Community to stay on top of market news!