Market Analysis (Wholesaling)

[Michael L Hardy]

Good afternoon. I hope that this isn't a "stupid" question, but I'm going to ask it any. I'm in a situation where I have a potential wholesale deal at a great price, but the middle person is a real estate agent. She is requesting a POF, and I have a lender that sent me his information, including financial statements and she verified his company and financials. Now she is saying that because there wasn't a "bank letterhead" attached, it doesn't qualify as POF. Is a bank letterhead by law required even if you have provided legitimate access to funding for a deal?