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Updated over 15 years ago on . Most recent reply

Greg P.'s profile image
Greg P.'s profile image
Greg P.
  • from Los Angeles, California
  • Member since Feb 11, 2009
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Greg P.'s profile image
Greg P.'s profile image
Greg P.
  • from Los Angeles, California
  • Member since Feb 11, 2009
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Greg P.
  • Los Angeles, CA
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717
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Foreclosures

PoF for a PoF ? Please advise

Greg P.
  • Los Angeles, CA
Posted

Hi there. I've been making offers on REO's with POF's and most of all the Agents come back saying that they need a bank statement or proof that the POF provider has the funds to purchase the property. Anyone heard of this? Is there a way around this or no?

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Curt Davis's profile image
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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
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Curt Davis's profile image
Curt Davis's profile image
Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

You should not even be making offers unless you have a REAL POF letter. Your just going to ruin your name with the REO agents and once they all know your passing off a fake letter you will never lock up a deal again.

Please do things right. You will be doing the other real investors a dis-service.

  • Curt Davis
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