Cash for Keys? Could somebody help, please?

By
Real Estate Agent with Maverick Realty

 Since it is great to use real questions from real consumers or clients for ideas when we write our posts, I thought I would use an actual question I just received from a person seeking some answers in the Rain! Yes, consumers do read our posts AND our comments....   Here is proof below.....

Cash for keys

"Hi,
i just read a comment you responded to. Im not sure if you would know. My husband and I were offered the cash for keys program. We signed the paper with the agent on the agreed upon day we met with an assistant of the agent who had no check with her. She said the bank mailed the check last week and they were still waiting to receive it. So we let her in to see the place take pictures and she said she will call us when the check came in. So one week went by and still no check. Then we finally spoke to the agent and she said there will be no check and the locks have been changed and no trespassing. So needless to say the last few things we had in the home we are unable to get and no check. Does this sound right to you. Is there anything we can do? I am just just looking for a little help or advise. Is just seems wrong that this can be done to people who are in need and losing there home.
thank you,"
Trish "
 

I am curious what my friends in ActiveRain think about this, and is this how it is working now? 

I do know that she lives in California.  I did tell her to check with an attorney, but is this what it is coming too? How would you respond if YOU got this contact message from someone in the Rain? Please help me with your responses.........

 

Vickie McCartney, Broker/Realtor Home Realty GMAC, Owensboro, Kentucky

Click Here to View ALL Homes For Sale in Owensboro, Kentucky! 

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If you would like to buy or sell a home in Owensboro, Kentucky, please call  270-315-5354, or you can visit www.Maverick270.com  or email me for more specific information on the communites I serve.  Click here to view all properties  for sale in Owensboro Kentucky and surrounding areas. 

Vickie McCartney, Realtor, Broker Associate, ABR,~ Maverick Realty, Owensboro, KY

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Topic:
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cash for keys
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Anonymous #22
Anonymous
zoom zoom

Hello all,

The house where I currently reside has recently been forclosed and the bank is offering "cash for keys," howevhow do determine a fair amount for my time, moving, relocation, security etc when I negotiate a fair cash amount. Any ideas for a fair amount in a 1 bedroom apartment in the DC area?

Thanks.

March 18, 2009 06:53 PM
Rainmaker
444,887
Vickie McCartney
Broker, Real Estate Agent Owensboro KY
Maverick Realty

Zoom Zoom~ With the cash for keys program the amount they offer is usually already a predetermined amount.  The amount is not usually a "negotiable" amount and a lot of places do not even offer it.   

March 19, 2009 01:43 PM
Anonymous #24
Anonymous
Greg

I was offered the cash for keys program here in Grand Rapids, Michigan.  The first time I was offered $1000 for the program and then ReMax pulled the offer out of play.  The second time, also by ReMax, I was offered $500 for the program.  Two days before I had to have everything out I contacted the ReMax office and informed them I had the place cleaned out and ready for inspection and was told that the offer had been taken out of play again and that they I would be arrested if I went back to the property.  I was in total shock and was told that no legal action could be taken against ReMax for pulling the cash for keys program because of the wording on the agreement signed by me.  I think it's a ripoff all around and used to get people to clean out the houses so the realtor doesn't have to.  In my case, I was driving over 60 miles one way to make sure that house was in tip top condition so I could get cash for a new apartment.  Now, I am out over $200 in gas, cleaning supplies and my time.  Thanks ReMax.

February 10, 2010 10:47 AM
Rainer
16,355
Allen D. Butler
MSSC, GRI, CDPE
The Realty Butler llc/West USA Realty, Inc.
Rainer
332,837
Paul Gapski
619-504-8999,#1 Resource SD Relo
Berkshire Hathaway / Prudential Ca Realty

never give legal advice refer to a few attnys

March 08, 2011 02:04 AM
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Rainmaker
444,887

Vickie McCartney

Broker, Real Estate Agent Owensboro KY
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