The Noble Law Firm, PA Blog - Practice Areas

Sunday, January 2, 2011

Banks offering thousands of dollars to former owners now “tenants” just to peacefully leave their former residences

Even after the foreclosure process and after the Court issues a new Certificate of Ownership to the Bank, Banks are still willing to negotiate with former homeowners.  Banks have offered former homeowners thousands of dollars, labeled as “relocation assistance payment”, simply to leave their residences in  broom clean condition and agree not to fight anymore of the foreclosure process.  Borrowers are allowed to use this money in any way they see fit. 

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