How much money is paid in cash for keys? There is no set minimum or maximum payout although the general range is $500-$5,000 depending on the lender. Usually the amount is based on the value of the home. A $500 offer may be for a house worth $100,000 or less whereas a $5,000 offer is usually reserved for houses worth $1 million or more. A typical $250,000 house may warrant an offer of $2,500 or more.
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What is an example of a Short Sale? A typical example is where the house is worth $200,000 and the mortgage payoff is $225,000. The mortgage holder may agree to accept only $188,000 after the realtor is paid.
A more complicated example may involve a first and second mortgage. Say the house is worth $300,000, the first mortgage payoff is $310,000, and the second mortgage payoff is $40,000. The first mortgage company may agree to accept $270,000 and the second mortgage company may agree to accept the remaining $12,000 after the realtor is paid.
What are the Pros of a deed in lieu?
Updated 3/18/2022
Just because a medical provider elects not to sue does not mean you won’t have debt collectors harass you for payments. Carolinas Medical Center or “CMC” does on occasion sue patients and sometimes their spouse for medical treatment. I have even seen a widow sued for $80,000.00 after her husband died in the hospital. Talk about asking for a counter-suit for medical malpractice. Also be aware that many hospitals and medical providers like Atrium Health offer financial hardship assistance.
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