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To: eastforker

Cash for keys is the only foolproof method with current moratorium.


20 posted on 09/02/2020 8:00:48 AM PDT by chriscraft
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To: chriscraft
Cash for keys is the only foolproof method with current moratorium.

We used that as a tactic at the FDIC during the bank crisis. It gave the borrower a financial incentive to leave without trashing the place.

Proved to be a cheaper, quicker way of resolving the issue without having to use attorneys.

FDIC had a lot of inventory, considering we closed down nearly 500 banks from 2009-2012.

54 posted on 09/02/2020 11:36:37 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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