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Updated 9 months ago,

User Stats

52
Posts
13
Votes
Sunny A.
  • Real Estate Agent
  • South Jersey and Philadelphia, PA
13
Votes |
52
Posts

Buying a foreclosure-proof of funds

Sunny A.
  • Real Estate Agent
  • South Jersey and Philadelphia, PA
Posted

I am working on buying a foreclosure in my wife's name as an all-cash deal.

The bank/lender who is selling wants the proof of funds as a bank statement with the exact name of the person on the contract. So it should be in my wife's name.

But, I have all the funds in my name. Since they want a statement and not a screenshot, I cannot simply add my wife's name to the account.

Has anyone dealt with such a situation before?

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