Seller's agent showed my bank statement to the seller

Seller's agent showed my bank statement to the seller

Rental Property Investor · Chicago and mainly invests in KS remotely · Member since 2018 · 360 posts · 314 votes

I submitted a bank statement as POF for a cash purchase to the seller's agent. She in turn sent it to the sellers and had them initial the pages. This seems like a leak of sensitive information, and it makes me angry since all she has to do is to communicate to the seller that I have enough funds to purchase the property in cash. The bank statement shows my address as well as bank account number and all the transactions for the past month. As far as I know, she has been in the realtor business for 16 years and sells a lot of owner-occupied homes not investment homes. I have a few questions:

1. Is this normal practice to show POF document to the seller? My agent says no.

2. Is there any action that I should take now? 

3. Is there anything else that I can send in lieu of bank statement for POF?

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Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
4y

1) yes...it is for the Seller’s confirmation, not their agent

2) no

3) typically, you simply black out your account number and anything else you don’t want to reveal..

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    4y

    1) yes...it is for the Seller’s confirmation, not their agent

    2) no

    3) typically, you simply black out your account number and anything else you don’t want to reveal..

  • Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
    4y

    If there was a concern for sensitive information falling into the wrong hands, then said information should have been redacted prior to submission.

  • Specialist · Johnson City, TN · Member since 2021 · 139 posts · 146 votes
    4y

    Have your  banker state on bank letterhead that you have in excess of X amount on deposit and available for immediate withdrawl.

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