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Despite federal loan modification programs to help struggling homeowners, many lenders are refusing to play ball and are proceeding with foreclosures.
But some of those same lenders are quietly paying people to move out and find another place to live.
It’s known as “Cash For Keys” and banks don’t talk about it publicly but, in some cases, you can get thousands of dollars to help relocate.
Lenders are offering the cash instead of paying to evict people, and they hope the cash will cause angry homeowners to leave quietly instead of intentionally damaging the homes they leave behind.
