Cash For Keys Available In Close to 30% Of Short Sales

by Jenner on March 27, 2012

Cash-for-keys is one factor that makes short sales more attractive to homeowners, with cash payments often at $3,000 or 1 percent of the home’s value, according to the survey.

“Short sales are definitely motivated by cash for keys. Typically they are receiving $3,000-5,000 on homes between $300k to $500k. I have seen $15,000 on $1 million homes.”
via HousingPulse Survey Reveals More Investors Pursuing Short Sales.

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