An Option for Moving On from a Foreclosure

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 



Benefits of a Cash-for-Keys Agreement

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:

  • A small amount of money to help with relocation costs
  • Avoiding having to pay a deficiency on your loan—the amount you owe that goes above the sale value of your house
  • Less need to disclose personal financial information than in some other methods for addressing your foreclosure
  • Less risk than some other options
  • A faster way to resolve your situation
  • The freedom to walk away if you don’t want to stay in your home

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.

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.

Other Ways to Deal with a Foreclosure

If cash for keys doesn’t sound like the solution for you, you can respond to a foreclosure in several other ways:

Foreclosure is an intimidating, complicated process. It’s important to know you don’t have to go through this alone.

An experienced foreclosure defense attorney can guide you through all the confusing laws and procedures that apply to your situation.

Call HNB Now! 
A couple stands at a dining room table, looking at papers held by a seated woman in a suit. HNB can show you multiple options for dealing with a home foreclosure.

HNB can show you multiple options for dealing with a home foreclosure.