Cash Incentives After Foreclosure Eviction
3 minutes ago
1 min read
Special Episode 6, Short 5
After a foreclosure, occupants may be offered money to leave the property voluntarily. This practice is commonly known as cash for keys.
It is used because eviction and the legal process to remove occupants can take a long time and add costs such as unpaid rent and court delays. Banks or new property owners may provide a cash payment to encourage a faster move out, helping both sides avoid a lengthy eviction process.
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