Cash For Keys to Foreclosure Victims is Offered by a Bank in Florida »
Posted By altnrg 11 months, 1 week ago in NewsIn exchange for moving out within a month after the foreclosure proceedings have been concluded, a bank offers the tenants or even the owners some cash.
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crespi11 months, 1 week ago
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I agree with Charlson. The BANKS come out the winners and the American citizens come out as the losers. The banks were supposed to be using bail-out money to STOP AND PREVENT forclosures.
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Their negligence to do so for their own profit should be considered criminal. -
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stalemateComment removed: Retracted by user
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jiants198611 months, 1 week ago
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How are banks winning. Lets say the bank lent the owner $200,000 and got back a property worth only $160,000. If they resell, they lose the $40,000. If they hold on and wait for it to appreciate they have carrying costs, taxes, etc. Even after writing off the losses on their balance sheet, it will take them some time to break even. The bank giving $ to folks to help move out is doing something they don't have to in hopes that the foreclosed homeowner leaves on better terms and chooses to use them again in the future when things turn around.
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autodoc2111 months, 1 week ago
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I think the bank is crazy.tenants pay their rent to the landlord and most of them pocket the money push the the house in foreclosure and in some cases the same home owner use the money they collect to repurchase the house at a lower value and make a higher down payment with that money they collect for rent.so banks land owner,Realtors co-signers should be held responsible for the housing problems.
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orndorffter11 months, 1 week ago
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They were going to foreclosure on my uncle and told him they would have the shirf remomove him and sat everything out by the street, my uncle went on and sent his payments in as much as he could afford, more letters and the payments sent back to him. he saved every check and letter they sent him back, ending up in court he gave them to the Judge, the judge was not very happy with the lenders and said, ' This man has sent you what he could afford and shows me that he was and has been trying,there fore the house is to be put in his name as of today and there well be no lean holders on the deed'. Just because they wouldn't take his money he sent them and sent it back to him it showed the Judge that my uncle was welling to work with them but them not with him,so they lost and my uncle won by saving letters and the checks from them. now all he is out is pay the Taxes when they come due. A Judge knows when someone is trying and if they are not,we had some mad lenders, paid in full say the judge.
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