If you are a homeowner facing foreclosure, Cash for Keys can help you make the transition into new housing. The credit experts at Vivix Credit Solutions have access to a network of service providers that can assist you today. These service providers are trained in all areas of debt and credit repair and management, and can advise you about the opportunity you have to receive funds under this program whether you live in Nevada or elsewhere. In exchange for amicably dealing with the lender and agreeing to their request for a quick turnover, you may be able to receive a check that will cover all your moving expenses. The lender is paying you for the inconvenience but also securing its interest in the property.

Due to the downturn in the economy coupled with the market flood of ARM mortgages, more homes are being disposed of through foreclosure than ever before. While walking away from a home can be the hardest thing for a homeowner to do, sometimes it is essential. The burden is shared equally with the lenders who are faced with a property often worth less than the loan amount. However, the Cash for Keys program helps alleviate some of this stress and burden for all parties involved.

Often, homeowners are not prepared to transition into new housing once the foreclosure takes place. Renters are often caught by surprise when they receive a notice to vacate and without the prospect of getting their deposit back, they are left without the funds to move. Cash for Keys allows the bank to make a cash offer in exchange for the timely turnover of the property. It also protects the lender from damage occurring to the home upon move-out, as the cash offer is contingent upon this.

Cash for Keys can help cover the cost of moving, including security deposit and first month’s rent at a new location. Lenders are willing to help with this, but have been known to reject outrageous demands by rude tenants. Calculate the cost of a moving vehicle and two month’s rent at your new home and double that figure. Whatever the bank offers – triple it. Request the lesser of the two amounts, keeping in mind that being cordial makes all the difference in the lender’s willingness to work with you.

The purpose for Cash for Keys is to ensure the property is left in good condition, clean, and ready to market for sale. You may be asked to move anywhere from 2 to 4 weeks, and you must have the home broom clean and without damage or the lender will not hand over your check during the walk through. In addition, the home must not have been stripped of wiring, appliances, or other fixtures that are a permanent feature of the home. If you are facing a foreclosure, contact Vivix Credit Solutions for a free consultation. We will help you through this process and help you get the cash you need.