Consumption and Real Estate
Are there any requirements to do “cash for keys” and whats the latest you can take advantage of this program?
Question : Are there any requirements to do “cash for keys” and whats the latest you can take advantage of this program?
I know what “cash for keys” is but i don’t know all the facts about the program. Like how many days do they give you to move out? Do they do an inspection of the house before they give you any money? What if the house is in alright to good condition but missing some things such as appliances and lighting? Do they still work with you? When offered “Cash for keys” is there only a certain amount of time you can take advantage of the program? Or do you have up until the day your going to get booted out of your home? The reason i ask the last question is because you would think they would want to get the keys to the house and all the remotes if any right? Or do they not care if they get the keys and the remotes to the garage/s? If someone already moved out of the foreclosed home but still has time to be out and is in possession of the keys can they receive any kind of money? Also if someone is losing their home to foreclosure and doesn’t do “cash for keys” what are they supposed to do with the keys, remotes and any other things they might have in their possession that belongs with the home? Any other information regarding this subject would be great thanks. I know a few people who keep asking me about this program but i can only tell them so much. Only what i know.
As a home owner NOT a renter…if that helps.
home inspection program
Best answer:
Answer by acermill
There is no such program. Each lender decides if it wants to get a house vacated quickly and how it will go about doing so. Some of the lenders have elected to do ‘cash for keys’, but not in all situations. When such IS offered, part of the requirement is that the house be vacated fully by a certain date and that it not be ‘stripped’. A representative checks to see if the owner has complied before any money is paid.
If the house is already vacated, there isn’t going to be any money paid. The lender will just show up to have the locks opened and rekeyed.
First, since you are the homeowner they are not going to pay for the pleaseure of you phucking them.
But, because some honest people may want to know this as well I will answer the questions I know the answer to. The do not apply to you, they are for any renter who was victimized by you.
Like how many days do they give you to move out? Usually 7 days.
Do they do an inspection of the house before they give you any money? yes, by a real estate broker.
What if the house is in alright to good condition but missing some things such as appliances and lighting? You will not qualify, fixtures stay with the property, otherwise it is theft.
Do they still work with you? I do not know what you are asking.
When offered “Cash for keys” is there only a certain amount of time you can take advantage of the program? 24 hours to give a yes or no.
Or do you have up until the day your going to get booted out of your home? no, if you are being evicted there is no point.
The reason i ask the last question is because you would think they would want to get the keys to the house and all the remotes if any right? they do not care. The locks are changed anyway.
Or do they not care if they get the keys and the remotes to the garage/s? If someone already moved out of the foreclosed home but still has time to be out and is in possession of the keys can they receive any kind of money? No
Also if someone is losing their home to foreclosure and doesn’t do “cash for keys” what are they supposed to do with the keys, remotes and any other things they might have in their possession that belongs with the home? Give them to the sheriff or leave them inside.