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foreclosure national city bank

January 18th, 2010 by admin



foreclosure national city bank
National City Bank foreclosure – Cash For Keys question?

We are renting and our landlord is facing foreclosure in 3 weeks.

Does anybody know if National City Bank offers a “cash for keys” program? If so, how much do they normally offer?

The real answer is if such a program is used, then the tenant will get the money, not the old owner. Keep in mind it is the loss mitigation company or real estate agent that the bank hires that will offer this, not the bank. The amount depends on the area and state. In California, they offer between 1k-3k and they want you out within 7 days. Also, in California, if you decline the cash for keys program (or whatever they offer you) they will have to serve you with a 60 days notice to vacate the property. After 60 days, then they can evict you. Eviction takes an additional 17-30 days.

Good Luck

NATIONAL CITY Foreclosure List 91950


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