Proof of Funds letter...ya, another question :)

[Carol Hensal]

I have the cash funds to purchase a property. I don't want to show the Seller my bank statement because if they see that I have more money than I'm offering, they will likely ask for more money. Therefore, I'm asking my bank for a POF for each deal....which could be numerous. SURPRISE! They won't do it because it's too much of a burden. I've seen a lot of responses from others here saying don't go to the funding websites just the letter. I have the funds, I just need multiple letters. Is there a better way of doing this?

Thanks

[Ryan Murdock]

Is this a local bank? Changing the amount on your letter and e-mailing it to you takes a few seconds. The banks I use do this without hesitation. You can also hang onto the letters for 30, 60, or 90 days and keep reusing them - depending on who you are making the offer to. Don't include the specific address in the letter. Keep it general. "Carol has $1 Billion available to purchase real estate....."