the price of cash4keys: The Price of "Cash-4-Keys!"
- 08/29/13 04:28 PM
"Cash 4 Keys" is a familiar term for Realtors who list foreclosures. It means the Lender who has foreclosed on the property has hired a Realtor to negotiate with Owner to clean-up, clean-out, and cooperate with moving out of the home in exchange for some cash to help ease their moving expenses. Working in the Chicago South-side urban marketplace I am some times called upon by Realtor friends who fear these marketplaces to meet with these distressed Owners, tour the home, take photos, give them a check for their efforts, meet with Locksmiths to change the locks, and install a lockbox. (2 comments)
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