All Forum Posts by: Jerrell U.

Quote from @Henry Sordia:

Smart sellers will want you to prove that you can land the deal. A POF does not mean that they are your fund's bank statements do. That Realtor isn't dumb

Yes, I wouldn't suggest that they aren't intelligent. I have no issue with due diligence. As I mentioned in another response, it comes down to can I close the deal. As long as that happens, sellers nor realtors should be concerned with where the money comes from - as long as they get paid is the end goal.

Quote from @Wayne Brooks:

@Jerrell U. A POF means verification that you have the Cash in an account somewhere, in Your name. What exactly is your "POF letter"? Hint...if it is from someone who says they may Lend you the money, it's a Financed offer, not a Cash offer.

Hello,

I am not dismissing the facts about what a cash offer is or what a PoF is. Ultimately, it's about can I close the deal whether I take it down or pass it along. As long as that happens both the PoF and/or bank statement are irrelevant.

Hello,

I am working on an on-market property and was ready to submit an offer. I provided my terms sheet and a proof of funds (pof) letter. The agent stated that she needed a copy of my bank statement or bank statement balance. I have never had my pof not be sufficient. They are adamant about this. I am unsure about how to go about this situation. Any advice would be helpful. Thank you.