Homeowners take ‘cash for keys’ to escape debt

Homeowners take ‘cash for keys’ to escape debt

Owners of bad loans are increasingly making deals with borrowers to avoid a foreclosure, which tends to reduce returns for investors and place a black mark on the homeowner's credit. Owners of bad loans are increasingly making deals with borrowers to avoid a foreclosure. Lawmakers are more accepting of these solutions even if they mean the borrower loses the home.





Foreclosure - Loan - Business - Real estate - United States

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