Updated about 13 years ago on . Most recent reply
POF question: own bank statement vs. trans funding
Hello,
I plan to send an REO offer with my own bank statement as my Proof of Fund yet if the offer is accepted and happened to be under contract, I prefer using Trans Funding meaning the real money will be from different sources at the closing table. Please advise.
Thanks.
Most Popular Reply

You could write in your offer something to the effect of "This is a cash offer but Buyer reserves the right to use transactional funding and buyer agrees to pay $x per diem for buyer delays only beyond the agreed upon close of escrow date"