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"Cash for keys" is a program that's sometimes used when a house is repossessed.

The new owner has a legal right to have the former owners forcibly evicted if they don't leave within a certain time frame (usually three days). However, some banks will, upon taking ownership of a house in default, offer the former tenants money to hand over the house in good condition and vacate it voluntarily instead of being evicted.

This is usually a good deal for both sides: the former owners don't get an eviction (which looks bad if you're trying to rent a new place) on their record, they get some cash (which is often somewhere in the vicinity of a typical security deposit), and they may be able to negotiate an short extension of their occupancy (allowing them to, for example, move over a weekend instead of having to take time off in the middle of the week to do so). The new owner doesn't have to shoulder the expense of having the former owners evicted and, because the former owners are being given a financial incentive to turn over the house in good condition, they're less likely to intentionally damage the property out of spite.Does the floclosee have to pay back a fee?

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