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Updated about 4 years ago,

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11
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0
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Josh Walworth
  • Traverse City, MI
0
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11
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Cash for keys questions

Josh Walworth
  • Traverse City, MI
Posted

Hello, 

I purchased an REO property that is currently occupied by the former owner. I reached out after closing and the occupant advised that she's in the process of moving out. I've offered her some cash if she could be out within a week and she has verbally accepted that offer. My questions are:

1) Is cash-for-keys violating any eviction protections the occupant may have?

2) I'm planning to hand over the cash after a final inspection of the property but should I have the occupant sign anything stating they voluntarily left and are forfeiting any rights they have to remain at the property?

Thanks!

-Josh

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