The bank is foreclosing on your home, and you feel trapped.
Is there any way you can get out of this without more stress and long-term financial damage?
This may be a way: “cash for keys.”
In a cash-for-keys deal, you agree to the foreclosure, the bank pays you a small amount for relocation costs, you agree to leave your house in clean condition, and you set a date to hand over the keys and walk away.
Your lender also waives any money you owe above the sale value of the house.
This can be appealing for banks because they get to spend less time and money fighting to get you out of your house and repairing and maintaining the house.
But the more important question is whether it’s a good deal for you. A foreclosure defense lawyer from the Horenstein, Nicholson & Blumenthal law firm can help you decide if cash-for-keys is right for you.
Our law firm doesn’t represent banks. We represent homeowners. And we want to help you put this trying time in your life behind you.
In Ohio, all you need to know is this: “Helping me, that’s HNB.”Talk to HNB
You can consider a cash-for-keys plan when you don’t want to keep living in your house, but you need to move past the nightmare of foreclosure.
Maybe your house isn’t in great condition, and you don’t want to deal with it any more.
Maybe you’ve already moved, and you can’t afford paying for housing in two locations, but your house isn’t selling as fast as you hoped.
With a cash-for-keys deal, this is what you can get:
Get the attorneys at HNB to look at your situation and give you an honest assessment of your choices. Our initial case review is free.Get My Free Case Review
A couple stands in their kitchen, the man chopping vegetables. When you face home foreclosure, a cash-for-keys plan could be a good way to move on.