CASH FOR KEYS

 

did you receive a cash for keys offer?

 

If your home went into foreclosure, you may have received a cash for keys offer from True Properties of Michigan. But what is cash for keys?

A cash for keys offer could come from your bank: your bank may make you a cash for keys offer to move out early; their primary motive in doing this, is to get the house on the market early, and with little damage. (Typically, these offers are much smaller than you would expect and there are almost zero advantages for a homeowner in doing this.)

 

A cash for keys offer could come from an investor like us, either because we purchased your home at a sheriff auction or because we want to acquire your rights to redeem the home.

What are some advantages to you?

By accepting our cash for keys offer, most homeowners benefit in the following ways:

  1. If an investor decides to purchase the property, they will not really care about missing shutters, a leaky faucet, or your home's wallpaper, as they will take the property "as is". (Since you don't have the money to begin with, this will save you all the trouble of spending any money for repairs or renovations.) 
  2. Cash in your pocket fast, sometimes the same day. Offers can range from $1,000 up to $25,000 ! Note: We are not as strict as banks and they can be a bit flexible to cater to the needs of the homeowner. So, if you have some equity in your home, you will still be able to walk away with some cash. (Some traditional lenders will not be able to do this, but private home investors, such as True Properties of Michigan, have other resources to help you.)
  3. We redeem your home and pay off your 1st mortgage in addition to any 2nd mortgages or liens, which are also settled and paid off.
  4. You can begin to repair your credit much faster since we redeemed the house.
  5. Peace of mind your debt(s) are paid off!

These are only some of the advantages of a cash for keys offer. To find out more, give us a call now! We are friendly, professional and will help you better understand the process.

 

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