Many Homeowners have suffered through a foreclosure. Many more Homeowners will no doubt join that group. Out of this population many Homeowners are eligible for a great program called cash for keys.
Cash for keys is a program that awards the Homeowner or renter a cash sum with the understanding that they will move by a specific date after the foreclosure sale of their home or residence.
Cash for keys is designed for both homeowners and renters facing foreclosure and who have to move due to a foreclosure.
The Cash For Keys programs available for those facing foreclosure are all through the lender. Often Homeowners may be offered the cash for keys program by a realtor or another third party. Though in the past the Homeowner will receive the most money from the lender directly. Often the third party will take a cut.
Homeowners who have received money through a Homeowner assistance program such as cash for keys have reported amounts of money received anywhere from just a few hundred dollars or as much as 6000 - 7000 dollars.
If you are a Homeowner or renter who has lost or will lose their home through foreclosure you may want to contact your lender and ask about a cash for keys program or any program that offers financial aid as recognition of the incurred hardship and future moving expenses caused by the expected foreclosure.
