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Updated about 12 years ago on . Most recent reply

Account Closed
  • Involved In Real Estate
  • Methuen, MA
3
Votes |
14
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Proof of funds question

Account Closed
  • Involved In Real Estate
  • Methuen, MA
Posted

Hi,

Is there a company that would provide proof of funds for a fee? We would like to include a proof of funds letter with our offers sent.

We want to make sure it's a legitimate company/bank and not a free generated proof of funds letter off the internet.

Any feedback would greatly be appreciated.

Thanks,

Jay

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Shaun Reilly
  • Landlord and Rehabber
  • Newton, MA
877
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Shaun Reilly
  • Landlord and Rehabber
  • Newton, MA
Replied

@Eric M. I actually don't think we disagree for the most part.

One needs to have a legit lender.

I guess where I differ is I don't really care what piece of paper I give someone since I am legit and my lenders are legit and I am going to close.

By the time I talk to my lenders I usually have an accepted offer, have my earnest money on the line, done my own due diligence, have had my attorney run preliminary title and have a hard quote from my contractor.

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