wally11111

Hello, I recently tried to use the proof of funds letter available to me after attending one of the insider edge 3 day trainings. What I found was that the letter basically says that it will lend me the money I need for a deal. However, the 2 REO properties that I was looking at, require proof of funds from a bank account for an all cash deal or a letter from your bank on bank letterhead verifying the amount in your bank account. Also, for a loan, most of the banks are requiring that you get prequalified through wells fargo. What this realy means is that as far as REO's go in Delaware, this Proof of Funds letter is not useful to me. Anyone else have any ideas on how else I could bid for those two properties?

Thanks,