Cash For Foreclosure Purchase - Hard Money

[Casey Barrus]

One of the tips for getting a bank to accept your offer on a foreclosure is if you bring cash, they are more likely to accept. My question is whether hard money counts as cash in that instance. My hard money lender won't actually sign off on a deal or even look at a deal with me unless I have it under contract. I do have access to a Proof of Funds letter. Is the Proof of Funds letter good enough for the bank to say yes, this guy has cash? Thanks for your help on this.

[Raymond B.]

@Rick Schneck

To make the @ work, do the following:

Hold down the shift key and type @?

Look below this Window, and you will see a list of names of people that have posted in this thread.

Click on the name of the person that you want notified via an email, that you responded to them.

If you are a Colleague with anyone that has NOT posted in the thread, and you want them to see your post, hold down the shift key, type the @ and the first 4 letters of their First or Last Name.

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Raymond