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Updated over 7 years ago,
Getting a proof of funds from HML to go in offer: takes too long?
This is the second time I've gotten to the offer stage on a fix and flip property. In my market, Los Angeles, these properties go FAST. It was listed on Thursday, I saw it Friday and emailed a few HMLs to ask for proof of funds letters to go in my offer, and I need to submit my offer tonight and I haven't gotten any letters back.
I've already been pre-approved. Aside from predicting the future, how can I change my process so that these letters come in a more timely fashion?
My realtor says if the lenders aren't getting back to me on the weekend then they aren't good enough to work with me. But I also know these are people who need a work/life balance.
All I need is a letter stating:
Ashley is approved to offer cash up to x amount and a quick close on property 123 Main Street.
That's it! Any suggestions?