Need info about cash for keys? Short Sale.

Asked over 1 year ago - Patchogue, NY

House full of mold, tried to save house and lost all my savings, had a BK. Kids were still sick so I left. House covered in BK.Doing a short sale now. My mortgage holder is Capital One bank. The RE agent said something about possibly getting cash when we close. I haven't signed contract yet.. My question is this. Im wondering if the amount of cash most people get depends on the purchase price or how much the bank makes on the deal? The realtor the purchase price really low.. Although I dont mind, Im afraid it will come back to bite me.Can any one offer advice? And possibly some other helpful tips?

Attorney answers (1)

  1. Jayson Lutzky

    Pro

    Contributor Level 20

    2

    Lawyers agree

    Answered . First speak to your bankruptcy lawyer. Need consult with a real estate lawyer.

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