Proof of Funds (POF) and Closing Question

[Cheyenne Davis]

We have an REO under contract and used our company bank statement as POF. We funded escrow from the same account. We've decided that we want to have one of our private lenders fund the deal, instead of using our own funds. Has anyone ever run into an issue at closing with the funds to close coming from a different name/account than originally used for POF? It seems like, as long as there is no assignment or any other fishy looking items on the HUD, they should care less, since the POF was just needed to make sure the buyer was qualified to close in the first place.

[Stone Teran]

They don't care where it comes from at the closing; they just want the greenbacks.