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Updated about 2 years ago on . Most recent reply

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Mike Jakobczak
  • Real Estate Investor
  • Toronto, Ontario
114
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413
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Proof of Funds Letter

Mike Jakobczak
  • Real Estate Investor
  • Toronto, Ontario
Posted

Hey,

Has anyone used any companies that provide proof of fund letters? An example of a company would be I believe it's fundthiswholesaler.net

I am wondering because I have funds in different accounts and don't want to move them around until it's needed.

Thanks for the input!

Most Popular Reply

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Paul B.
  • Real Estate Investor
  • Alpharetta, GA
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Paul B.
  • Real Estate Investor
  • Alpharetta, GA
Replied

I can't see how any seller would take one of these letters seriously. From that company's site (emphasis added):
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If we have an established business relationship, you can now present your offer with our Proof of Funds letter to help you stand above the crowd, proving you have a reliable funding source in place.

Subscribe now for only $9.99 per month for the ability to generate UNLIMITED Proof of Funding letters.
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This does remind me, however, of the go-do days a few years back when my mortgage broker gave me a Word file with their letterhead and a signature image, and they basically told me I could write any pre-approval letters for myself that I needed.

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