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Updated about 4 years ago,
Cash for keys questions
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