Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

65
Posts
19
Votes
Cheyenne Davis
  • Investor
  • Casselberry, FL
19
Votes |
65
Posts

Proof of Funds (POF) and Closing Question

Cheyenne Davis
  • Investor
  • Casselberry, FL
Posted

We have an REO under contract and used our company bank statement as POF. We funded escrow from the same account. We've decided that we want to have one of our private lenders fund the deal, instead of using our own funds. Has anyone ever run into an issue at closing with the funds to close coming from a different name/account than originally used for POF? It seems like, as long as there is no assignment or any other fishy looking items on the HUD, they should care less, since the POF was just needed to make sure the buyer was qualified to close in the first place.

Loading replies...