HOW CAN I GET A BUYER TO SHOW POF OR LOI

I'm not sure what you are attempting to do, but I can't understand it. What kind of deal are you doing? Are you exceeding your bounds and attempting to be a real estate agent? How much is this deal for? You had two numbers listed and I don't know what they refer too. Thanks in advance for clearing it up.

Bill sorry if I confuse you. But I am a Investor that work with buyer and seller. What I was asking what a why to get them to show a POF or LOI. because I have a deal where seller don't want to give up more information without seeing proof of fund and the buyer don't want to give me the pof. I want to keep the deal alive. The seller ask me not to give out their email until I get all the information from the buyer. So what do you do

to get a pof from somewhere other than coastal funding. Then, write up an loi from you & give yourself an escape clause.

I'm not getting this , If you want A POF Letter Get one written up yourself Or if you Just need Proof of funding Just Ask your Buyer to Send A Copy of their Bank Statement Showing Only Their Name , Account Number, & the Amount thats in the account Or ask them to Provide A POF Letter from their Bank Or Both .

Thats What I'm thinking all you Need But I'm not sure Exactly what Kind of Deal your Doing A Assignment Or Bird-Dog?.

Let’s cover a couple of things first:

Do you have the property under contract?

If you do not have it under contract, then get it under contract.

If you do have it under contract then you need to request all of the information needed and the contract should state that the seller needs to supply this. Just let the seller know that it is in their best interest.

If you are only acting as a bird-dog then make sure that you have a contract with the buyer on how you will be compensated and explain to the seller your role and how the process works. Be honest! If they do not like it that way then ask to have it put under contract. See where it goes from there. (Definition of bird-dogging: A person who is paid a referral fee for locating and promoting business opportunities for someone else.)

Ultimately your goal is to cover your ends and help the seller. You may need to find another buyer. Never stop looking for buyers. Demand the information! As long as you have the proper contracts to cover your compensation then you can try to bring them together with the requested information.

Here are the definitions between a PoF and a LoI:

POF – Is a document by which the principal's bank states that the principal owns the funds required for the transaction. Usually, proof of funds can also be delivered in the form of a Bank Comfort Letter (BCL) or recent bank security or custody statement.

LOI - is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to the so-called heads of agreement. Such agreements may be Asset Purchase Agreements, Share Purchase Agreements, Joint-Venture Agreements and overall all Agreements which aim at closing a financially large deal.

LOIs resembles written contracts, but are usually not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as non-disclosure agreements, a covenant to negotiate in good faith, or a "stand-still" or "no-shop" provision promising exclusive rights to negotiate. A LOI may also be interpreted as binding the parties if it too closely resembles a formal contract.

This is just my 2 cents. Hope it helped and if anyone notices something they would do different then please by all means state what you would do different and why you would do it different.

You showed two different #'s

Is this your deal or a daisy chain??? Just trying to understand this so I can hopefully help you

I have to agree with Bill and everyone else. I'm not understanding your deal? Unfortunately, you are not clear in your explanation.

Try again, slowly.

Peace and Blessings,
Sheila