Can You Get Relocation Assistance or Cash for Keys in a Short Sale?

If you’re considering a short sale, one of the biggest concerns is “How will I pay to move?” The good news: some lenders offer relocation assistance—often called “cash for keys”—to help cover your moving costs.

According to Freddie Mac, relocation incentives for short sales and deeds-in-lieu can range from $1,000 to $10,000, depending on your situation and lender.
Source: Freddie Mac - Avoid Foreclosure Programs

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What is a Short Sale?
A short sale happens when your lender allows you to sell your home for less than what you owe on the mortgage. This is often a better option than foreclosure because it protects your credit and helps you move on.

When people ask what is a short sale in real estate, it means the lender is agreeing to release the lien on the home for a lower payoff. Depending on the situation, lenders may also offer moving incentives to encourage a smooth sale.

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 Best Practices in Short Sale (Getting Relocation Assistance)
Here are smart tips to help you secure relocation assistance during your short sale:

1. Act Early
Starting your short sale process sooner gives you a better chance of qualifying for relocation assistance—especially if your lender offers limited funds.

2. Provide Full Documentation
Be upfront with your lender about your financial hardship. Submitting a complete hardship package increases your chances of being offered “cash for keys.”

3. Ask About Incentive Programs
Some lenders have formal short sale real estate programs that include relocation incentives—don’t be afraid to ask.

4. Maintain the Home Condition
Lenders are more likely to offer assistance if you maintain the home and leave it in good condition after the short sale.

5. Work with an Experienced Agent
An agent like me—who specializes in short sale homes near me—can negotiate with lenders and help you maximize any available relocation help.

Moving Forward with Best Practices
Yes—you can get relocation assistance with a short sale in many cases. I’ve helped many NJ sellers receive moving incentives to help them start fresh.

If you’re facing a financial hardship or behind on your mortgage, reach out today. Let’s explore your options—including potential cash incentives for your move.

And when you’re ready to plan your next step, check out my Mortgage Calculator to estimate payments for your next home.

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