February 10, 2012

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.





ForeclosureLoanBusinessReal estateUnited States