We have a question about cash for keys and short sales today. The question is as follows…
“Do Homeowners Qualify for Cash for Keys if the Home is on Short Sale Listing?”
Homeowners typically qualify for a cash for keys like program if they are selling their home via a short sale.
Programs such as cash for keys were created specifically for short sales, deed in lieu, evictions, pre-sales, and the like. They are a loss mitigation tactic that has proved useful to everyone involved.
If they have not sold the home and the home is only listed then they can still obtain financial aid as foreclosure relocation assistance. It may be a wise move to try and prevent the foreclosure via a deed in lieu of foreclosure in such a situation where the home has yet to sell.
Be sure to check out the related resources I have on this helpful pf blog such as Cash for Keys, methods to stop foreclosure, deed in lieu of foreclosure, and the one on how to stop foreclosure with a short sale. Also be sure to see the mortgage help page dedicated to helping those who are struggling with their mortgage.
Thank you for the question. If you have a question please ask on the ask finance guy page