REO offer - bank statement
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.