hard money POF

[Jasmine Wilkes]

I send the POF from the hard money lender, but they won't consider it a cash offer. why? and how am i to make all cash offer.?

[Sean Cole]

We use "cash offer" to mean a couple of different things:

1. I'm taking cash from my checking/savings/HELOC, etc. account to pay for the house.

2. I'm purchasing the house without a financing contingency, so if my lender says "no" for some reason, I'm still stuck with the house or losing my EMD.

I've had to point out to several highly experienced real estate agents in this area that no checking the boxes for financing is NOT the same as an offer that I'll be paying cash for.

To OP, it's possible that your HML's POF letter is written sub-optimally and that some minor modifications would satisfy the seller/AM.