Common use of CASH FOR KEYS Clause in Contracts

CASH FOR KEYS. The maximum allowable payment to either an owner or tenant to vacate the property without ▇▇▇▇▇▇▇ ▇▇▇▇▇’ prior consent should be one thousand five hundred dollars ($1,500). If the servicer intends to pay either an owner or tenant to vacate the property an amount in excess of one thousand five hundred dollars ($1,500), the servicer should make commercially reasonable efforts to obtain ▇▇▇▇▇▇▇ Sachs’ prior consent. Every advance should be cost justified and that data available to ▇▇▇▇▇▇▇ ▇▇▇▇▇ upon request. The exact amount of the advance should be proportional to the benefit and made to avoid a lengthily eviction process. Payments should be made only after the property is actually vacated and inspected by designated agents of the servicer. The servicer will report each month on all cash for keys transactions. · INSURANCE CLAIMS- The servicer will report on a monthly basis all Insurance claims filed, claims denied and claims aged over ninety (90) days during the reporting period. · LISTING – o All properties are expected to be listed within thirty (30) days of possession. o Properties not listed within thirty (30) days will require an exceptions report at month end. o All listings should be in the local MLS. o Listing Agreements should not be for more than six (6) months. o All listing agreements are subject to cancellation at any time without penalty of liability to ▇▇▇▇▇▇▇ Sachs ·