Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago on . Most recent reply

How do I get the bank to accept my short sale offer?
I want to make an offer on a short sale property, but I will be looking for a hard money lender or a business partner to bring on board to finance the deal. The problem is that the bank won't accept my contract offer without a "proof of funds" letter.
Is there a way to get around this? Any advice is appreciated.
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,508
- Votes |
- 23,418
- Posts
POF or a real preapproval from a lender. Banks aren't interested in wasting time on someone hoping to flip, or hoping to find financing later. Also, the listing agent/seller would be an idiot in accepting such an offer.