Proof of funds for SS
I have a Short sale under contract for about a week that I'm going to flip. I'm financing this flip so as an investor I have to put down 20% of the purchase price to get the conventional mortgage. Which I am pre approved for.
My agent called today and said the listing agent wants proof of funds for the 20% I need to put down so she can send it to the short sale negotiator. Is this normal? I was told to send in my bank statements. Is this normal? Sending in my bank statements before we even get an acceptance on the price doesn't seem rite.
Are my bank statements the ss negotiators business?
What do you guys think?