OfflineHello,
I finally got an OK on a foreclosure property which gives me 30 days to fix up the house before i have to come up with the money on hand. I have already gotten the work set up to take about 9 to 10 days so it gives me almost 20 days to sell the house. My problem is however coming up with a letter to show i have proof of fund, when in fact i don't have any.
I found a friend that has a property with 90,000 in equality. What type of format or wording should i use so he can stat he will give me the money if repairs are made.
I am looking to buy some time so i can start on the property repairs.
Thank you again guys
David
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David, Here is a site that offers proof of fund letters that you can use.
tempofunding.com
you have to sign up (free)and they will email you a link to the proof of fund generator and you can follow the instructions from there.
Hope it helps
Stan
"Be the change you wish to see in the world" Ghandi
Howdy, THank you for the reply it seems though the site wants an instant turn around. I did however find a family member to write me a letter for a proof of funds and i think the bank is going to go with it because the property they are putting on the table does have the equality. Again though Thank you for that site, i saved it and i think that is going to be perfect for some fast flips, and little to no money out of my pocket !!
The more I learn the more i get excited ^^