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All Forum Posts by: Brian Tome

Brian Tome has started 34 posts and replied 252 times.

Post: How do I get the bank to accept my short sale offer?

Brian TomePosted
  • Attorney
  • Worton, MD
  • Posts 272
  • Votes 193

Thanks Wayne. Unfortunately, that is exactly what I was looking to do, so I could put it in an LLC or LLP and not have the personal liability. I have the means to finance it myself, so maybe I will get a pre approval to get it under contract and look for the alternative financing once it is secure.

Post: How do I get the bank to accept my short sale offer?

Brian TomePosted
  • Attorney
  • Worton, MD
  • Posts 272
  • Votes 193

I want to make an offer on a short sale property, but I will be looking for a hard money lender or a business partner to bring on board to finance the deal.  The problem is that the bank won't accept my contract offer without a "proof of funds" letter.

Is there a way to get around this?  Any advice is appreciated.