I’ve had limited interaction with Bank of America. And what I have had has never been favorable.
I am aware of how Fannie handles posting of the KYO form and cash for keys documents.
I have a friend renting a local home, a letter came in the mail today stating that foreclosure proceedings have begun and will expect occupant to vacant the home prior to HUD taking the house over. (60 to 90 days)
Then the letter states that if HUD does not take it over there will be other options.
My question is will this tenant experience a knock on the door by an agent requesting cash for keys agreement?
Or if HUD does take the house over, will HUD offer a cash for keys?
Or will there be a cash for keys of any kind offered?
I thank you in advance.