SS And Proof Of Funds
I am working a SS on a home that I will offer about 500k. The lender wants a proof of funds letter. I will be doing a double close and will use the funds from the second close to fund the first close. So I really do not need the funds to buy the house, except the lender wants a proof of funds letter.
I called my hard money guy to just write the letter, but he would not. Any idea - other than just make the letter up - on coming up with a proof of funds for a high end property?
Brenda
Just have your second close end buyer wire transfer funds to your title company and get a letter from them verifying funds are in escrow. If that doesn't work, reply back. I'll buy the deal cash if the numbers work. (I'm in Orlando)