Is it true the Bank will PAY YOU to move?

What are you talking about that a Bank would actually pay some one to move out of a home that was Foreclosed on? That was something I wrote 8 years ago, but still field questions about this matter. I am always happy to answer questions and help those in need. The sad part it is unfortunate when the bank forecloses on any property in the  Manchester NH area."

With owner occupied homes that have been foreclosed. The occupants are usually offered  a relocation agreement know as Cash for Keys. The bank usually has their approved Real Estate agent or Asset management company offer you a "cash for keys" or "relocation agreement" where you are offered a sum of money, anywhere from $500 to $30000 to move within 30 days and leave the property clean and free of damage. Sometimes they offer more depending on your location and the value of the property. 

If they do not offer it, simply ask for it!!!! Either way, you can negotiate the time you have to move out and the amount of money they will pay you, so do not feel bad doing so. You must be prepared to move out in 30 days or less and be nice about it. The agent that shows up at your home is not the bank and is not working directly for the bank.

I would never want to stay in a place that i would eventually have to leave, staying to fight causes more sleepless nights and stress so at some point you have to say "I'm moving on with my life, i am putting this behind me and getting paid some money to be able move on."

One of the most unfortunate parts of this economy is tenants who are paying their rent and their landlords are not using the money to pay the mortgage on the property. The property then goes into foreclosure and soon after the tenants are served with eviction notices. As a tenant you do have some rights, Each state as individual laws regarding tenant law and you should always check those laws for your rights. However in most cases the bank will seek to evict you eventually after the foreclosure. Cash for keys is a great way to get a new start, 

I leave you with my now infamous saying that: The choice of who a person hires as their agent sure does matter. The BEST way to go about any home sale or purchase, is to know you, the consumer should not just choose any agent.  

All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. By using a philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process, I can help you find your dream home or sell your property. Your agent can stand behind you and assist with obstacles such as this.