I think I am Flabbercasted!
The Moving Money was not intended for YOU!
It is meant for the Tenants to move in a timely manner and without damaging the House.
You are still collecting RENT and you want to keep the Moving Money too?
Also, the Moving Money is pretty much a GIFT! They don't HAVE to give to anything.
I'm still flabbergasted.
Keep in mind that while the amount is negotiable, the bank is now the owner of the property so when they tell you to leave, you have to leave or they could take legal action. The money the bank is offering you is most likely "Cash for Keys" which is money that banks pay to foreclosed homeowners in exchange for the homeowner agreeing to leave the property in good condition. You wouldn't believe how many foreclosed homeowners strip their properties clean when they vacate -- I mean light fixtures, doors, crown molding, carpet, you name it.
If the bank now owns the property as of 8/5 and you have to be out by the 29th, the payment of rent seems to be a mute point since you will have already vacated before the first of the month. The bank should have assigned a rep to you and that rep should be able to tell your tenants where to send their rent checks for the next 90 days. I actually was once a tenant in a foreclosed 4-plex and the bank contacted me immediately and told me to send the checks to them.
I would strongly advise you to do everything by the book and comply with the banks requests, you don't want to risk any legal action against you.
Hope this helps.
Best of luck to you,
Premier West Group
DRE Lic #: 01820791