CASH FOR KEYS
"Cash for keys" is a process in real estate where a property owner or landlord is offered a monetary incentive to vacate a the property voluntarily and in a timely manner. THIS AGREEMMENT IS NORMALLY USED WHEN A PROPERTY OWNER WANTS TO AVOID FORECLOSURE AND RECIEVE A CASH FOR THE KEYS TO THEIR HOME AND LEAVE WITH MONEY TO RESTART THEIR LIVES INSTEAD OF FOREFITING THEIR HOME TO THE BANK OR COUNTY BECAUSE OF PASSED DUE TAXES OR MORTGAGE PAYMENTS.
HOW IT WORKS
THE PROCESS
1. Negotiation: Foreclosure Problems Solved and PROPERTY OWNER negotiate an agreement in which the PROPERTY OWNER agrees to move out by a specific date, leaving the property in good condition.
2. Foreclosure Problems Solved offers the PROPERTY OWNER a cash payment (the "cash for keys" incentive) in exchange for the OWNERS agreement to move out according to the terms of the agreement.
3. Terms and Conditions: The agreement typically outlines the specific conditions the OWNER must meet, such as leaving the property clean and undamaged.
4. Payment: Once the OWNER fulfills the agreed-upon conditions and vacates the property, Foreclosure Problems Solved provides the agreed-upon cash payment.
This approach can be mutually beneficial. For the PROPERTY OWNER, it provides a financial incentive to move out without the negative consequences of an FORECLOSURE on their CREDIT history. For the Foreclosure Problems Solved, it can save time and money compared to the legal process of TRADITIONAL CLOSINGS
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FORECLOSURE PROBLMES SOLVED CAN HELP YOU AT ANY STAGE OF THE FORECLOSURE PROCESS