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Updated over 12 years ago,

User Stats

93
Posts
20
Votes
Bruce M.
  • Real Estate Investor, CA
20
Votes |
93
Posts

Cash for Keys

Bruce M.
  • Real Estate Investor, CA
Posted

I have encountered my first cash for keys scenario. I bought a condo at the trustee sale and the owner won't leave without cash. He obvioulsy knows how to play the system and is playing it well. I'm sure he did not make a mortgage payment for two years before he was foreclosed upon. It goes against my grain to offer this, but he won't leave without some money. It will be cheaper and take less time than going through the eviction process. What do some of you do in this scenario and do you have any tips or suggstions for me?

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