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Updated about 14 hours ago on . Most recent reply

Myers Jackson's profile image
Myers Jackson's profile image
Myers Jackson
  • Residential Real Estate Broker
  • from Grapevine, Texas
  • Member since Nov 24, 2016

User Stats

14
Posts
4
Votes
Myers Jackson's profile image
Myers Jackson's profile image
Myers Jackson
  • Residential Real Estate Broker
  • from Grapevine, Texas
  • Member since Nov 24, 2016
Myers Jackson
  • Residential Real Estate Broker
  • Grapevine, TX
4
Votes |
14
Posts
Buying & Selling Real Estate

What is a bank letter of credit?

Myers Jackson
  • Residential Real Estate Broker
  • Grapevine, TX
Posted

A letter that may be required at some auctions to show you are approved for a certain amount. The bank letter of credit guarantees the bank will pay the amount of money required. The bank letter of credit is a powerful instrument when it comes to guaranteed payment.

Dallas, Texas
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