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Updated almost 2 years ago on . Most recent reply

Quintessa Haynes's profile image
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Quintessa Haynes
  • from Houston, Texas
  • Member since Jan 11, 2016
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Quintessa Haynes's profile image
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Quintessa Haynes
  • from Houston, Texas
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Quintessa Haynes
  • Houston, TX
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Houston Real Estate Forum

Proof of Funds

Quintessa Haynes
  • Houston, TX
Posted

Good morning Investors!

Is there a way that I can put in an offer for a property on the MLS without a proof of funds letter? My intentions are to assign the contract to an investor.

Please advise.

Houston, Texas
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Wayne Brooks
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Wayne Brooks's profile image
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Proof of funds are irrelevant when "going into escrow". The whole purpose of a POF is for the seller to determine if you have the ability to buy, Before they sign the purchase contract. No agent who has a clue will advise their seller to enter contract without one.

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