Updated over 2 years ago on . Most recent reply
Proof of Funds
Good morning Investors!
Is there a way that I can put in an offer for a property on the MLS without a proof of funds letter? My intentions are to assign the contract to an investor.
Please advise.
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,510
- Votes |
- 23,418
- Posts
Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Proof of funds are irrelevant when "going into escrow". The whole purpose of a POF is for the seller to determine if you have the ability to buy, Before they sign the purchase contract. No agent who has a clue will advise their seller to enter contract without one.