Quote:
Originally Posted by mcdades23
WTF is cash for keys, not sure you're making yourself clear!
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It's a real estate term and I thought the people who would know it's meaning would be the ones who might be able to recommend someone that can mediate or negotiate that a family take the offer.
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"Cash for Keys" gives cash to owners or tenants of homes in return of vacating the house and surrendering its keys. The agreement makes sure that it will be cleaned and left in good condition. Included also in the agreement are the date when the home has to be vacated.
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I think a government program starting April 5th offers $1500 for "moving out". I have a family that needs to be "talked to and explained" why they should take the cash for keys to avoid eviction which will hurt their credit for many years (9 years?) I heard.