Published April 12, 2022
How Cash for Keys can Save a Thousand on Attorney Fees
If you’re having issues with a tenant or family member and you are considering an eviction, there is an alternative that is faster and safer that has been used by experienced professionals and financial institutions alike - this is a brief explanation of one of the best ways to handle these situations.
There is a lot of confusion about the cash for keys program. This confusion is often compounded by dishonest attorneys who take advantage of desperate homeowners and charge excessive fees. So, what is the cash for keys program?
A cash for keys (C4K) program is a voluntary program offered by a property owner or manager to tenants who are being evicted. Under the program, the tenant is given a certain amount of money — typically a few thousand dollars — in exchange for vacating the property and turning over the keys to the owner or manager. Tenants who participate in a C4K program often receive less money than they would through a formal eviction process, but they can avoid the hassle and expense of going to court.
$5,000 for Cash for Keys or $12,500 for Eviction,
which one makes more sense to you?
Are you in a situation where you need to evict a tenant? Reach out today to find out if Cash for Keys is the best option for you.
Call our Office (562) 521-8575
Article Written by: Kayrol Ann Vacalares
