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Updated over 2 years ago on . Most recent reply

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Jerrell U.
  • Buskill, PA
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Wholesaling & Realtor Asked for Bank Statement INSTEAD of PoF

Jerrell U.
  • Buskill, PA
Posted

Hello,

I am working on an on-market property and was ready to submit an offer. I provided my terms sheet and a proof of funds (pof) letter. The agent stated that she needed a copy of my bank statement or bank statement balance. I have never had my pof not be sufficient. They are adamant about this. I am unsure about how to go about this situation. Any advice would be helpful. Thank you.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Jerrell U. A POF means verification that you have the Cash in an account somewhere, in Your name. What exactly is your "POF letter"? Hint...if it is from someone who says they may Lend you the money, it's a Financed offer, not a Cash offer.

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