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Updated about 16 years ago on . Most recent reply

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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
1,845
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REO offer - bank statement

Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
Posted

I have a funding client in Phoenix who wishes to use my funds to make offers on REO properties. I have read the posts and blogs here on how to maximize our chance of getting our offer accepted by the bank. But there's one question that I am not sure about:

It appears from previous posts that POF is not as impressive as a bank statement. So I plan to supply the bank with a copy of my LLC's bank statement.

But should the offer itself go from the rehabber under his own name and listing me as a private money funding source, or would it be better for the offer to go under my LLC's letterhead? If the latter, I can give the rehabber a "job title" at the LLC so he can make the offers.

I am just trying to figure out how a bank would view an offer and which posture would maximize our chance of getting accepted.

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