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Re: Keys for Cash

Posted by Jerry - Ca. on May 11, 2008 at 10:25:58:

In Reply to: Keys for Cash posted by Liz on May 11, 2008 at 08:03:22:

Liz:

As far as I know ... absolutely not ... but perhaps in other geographical locations ... who knows! A Deed-In-Lieu is when the lender voluntarily allows you to turn you property back over to them ... avoiding foreclosure costs! The only way I heard the expression "Keys for Cash" is after a foreclosure sale and the successful bidder and new owner offers the residing default borrower "cash" to vacate quickly, thereby avoiding eviction proceedings!

Jerry-Ca.

Follow Ups:

Re: Keys for Cash (url) - Mary Supinger 03:36:53 06/12/08 (0)
Re: Keys for Cash (url) - steele in minnsota 11:19:54 05/12/08 (0)

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