Bank of America always sends us the check to give the owner/renter for CFK. I have heard of other companies that require you to pay up front but you can send in for reimbursement before the property closes if you spent over 250.00.
This is not new in my area of Texas. I have been paying the C4K in advance for a long time with some of the Asset Management Companies I work with. They are good about this reimbursement.
Not a new trend. There are some companies that will cut their own CFK check once the agreement has been signed and overnight the check but there are some companies that will require you to front the funds as a part of their reimbursement system.
A few of our REO clients require that we pay the CFK but the checks are usually cut very quickly for reimbersements. This is not a "new trend" as this has been the case for many years.
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