Advanced Auction Company
At what point in the foreclosure process is “cash for keys” offered?
We are in foreclosure on our home, and our auction date is set for the first of November. At what point is this offered? Can you receive it months in advance if you agree to keep the property maintained until you leave, or is it ONLY right before they want you out of the residence? Also, our mortgage company was Wells Fargo, anyone had experience with CFK with them, and if so, how much did you receive?
Actually, no…that is not the answer to my question…
Wells will not offer it. It is pretty uncommon now anyway.
If you are the owner you need to leave in Nov.
If you are a renter you can pay Wells Fargo rent for 90 days after they take possession.
They are not going to pay you anything as they can sue you for damages after you pay them any rent.
Google Gets Ready: MediaBytes 11.16.2007