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Re: Keys for Cash

Posted by NJD on May 12, 2008 at 06:11:44:

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

Not really. Sometimes a lender could include a nominal cash incentive for you to hand over your deed... If you pursue a "Deed In Lieu (of foreclosure) option with your lender ... you can negotiate a move-out date. An extra month in the current residence is a month you won't have to pay for housing somewhere else.

If offerting a DIL, or seeking cash for keys... pledge to leave the premises in broom swept condition, and claim the incentive as you step out of the house.

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