| When my company forecloses, the borrower has already been living there free for at LEAST 8 months, sometimes as much as two years, if there was a bankruptcy or it has acreage. One would think they'd start making some plans during the long wait for the FC to be final and bankroll at least a portion of the money they are not paying to their lender for the home they are occupying. We DON'T pay cash for keys to borrowers.
Understand that the rationale of Cash for Keys is to SAVE the lender money. And to save time. If eviction is less expensive and/or faster than the cash for keys arrangement, the lender would simply evict.
You are not a tenant- you are the owner? If so, don't presume they will pay anything. We only pay tenants cash for keys, not owners. WE do not want to create an incentive for borrowers to NOT move out on their own.
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Adoptive parents ARE "real" parents. Sharing genes is not what makes you a "parent"!
Last edited by nextwife; 11-14-2008 at 09:42 AM.
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