Sold a Flip, Now Buyers Lender Wants to See Documentation from me???

[Brant Hampton]

So I sold a flip and will be making just under 40k. I am supposed to close in less than 2 weeks and I got a call today that the buyers lender wants to see "documentation" on what was spent on the rehab. The home was bought in Dec 2013 for $47,500 and the sales price is $121,000.

What do I need to provide the lenders?

Since I am making a good profit do I need to be more vague on what was spent and where?

Anyone else experience this before?

THANKS

[J Scott]

Recent discussion about this here:

http://www.biggerpockets.com/forums/311/topics/126046-can-bank-require-list-of-rehab-items-plus-receipts

Lots more discussion in past threads...use the search feature to look for those...