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Updated over 12 years ago on . Most recent reply

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127
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10
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Matt Liu
  • Jersey City, NJ
10
Votes |
127
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Proof of Funds via "Funding Partner"

Matt Liu
  • Jersey City, NJ
Posted

I have a Proof of Funds letter from my father, my "funding partner" that says
"xyz funds are available for immediate transfer or use by MattLiu at my discretion."

The problem is when I went to make an offer, one realtor said what happens if we are about to close and funding partner's discretion decided that it is not a good deal.
He makes a good point.
How do I get around this. Do I have to make the letter approve of the address each time?

Thanks!

Most Popular Reply

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3,269
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2,367
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
2,367
Votes |
3,269
Posts
Ann Bellamy
  • Lender
  • Tyngsboro, MA
Replied

Jesse Tsai, are you actually suggesting that he take a bank statement and change the name? I can think of several words to describe that and none of them are good. Maybe I misunderstood.

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