Short Sale & Wholesale Options Where Homeowners Can Walk Away With Money
Short Sale with Relocation Assistance (Cash for Keys)
Some lenders offer relocation incentives when a homeowner agrees to a short sale instead of foreclosure.
These payments usually range between $1,000 – $10,000 depending on the servicer, investor, and program (example: HAFA short sales in the past provided this).
This money can help clients relocate or start fresh.
Wholesale Investor Buyout with Equity Protection
If the property still has some equity (even if small), a wholesale investor may purchase the home and allow the homeowner to walk away with an agreed equity payout at closing.
This is often more appealing than foreclosure, where the homeowner gets nothing.