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Cash For Keys: Banks Paying Delinquent Borrowers So They Don’t Trash The House
http://mywaylending.com/ 2008/ 03/ 28/ cash-for-keys-banks-paying-delinquent-borrowe...
Cash For Keys: Banks Paying Delinquent Borrowers So They Don’t Trash The House March 28, 2008 By: Alex Stenback Category: Uncategorized Article and video from the WSJ, Buyers Revenge: Trash the House After Foreclosure. These days, bankers and mortgage companies often find that by the time they get the keys back, embittered homeowners have stripped out appliances, punched holes in walls, dumped paint on carpets and, as a parting gift, locked their pets inside to wreak further havoc. This can obviously cost thousands of dollars to fix before re-sale. The solution? Payola.
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