Transactional Funding and Proof of Funds

[Tevin Swain]

Good afternoon everyone. I am having a difficult time understanding the use of Transactional Funding as well as the use of Proof Of Funds. The question that i have is , Do i have to use the both of these at the same time? or is it possible that i could use one without the other? I am new to this and it seems to me that i have been getting some pretty mixed information. It would help me if someone could clarify what to actually do when wholesaling a HUD property. I'm not looking for a quick solution as if I wont do the actual work i am simply looking for clarification. Thank you in advance!!