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Updated over 11 years ago on . Most recent reply

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Samantha M.
  • Landlord
  • Dallas, TX
34
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505
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How to Verify Proof of Funds

Samantha M.
  • Landlord
  • Dallas, TX
Posted

When you wholesale, how do you verify proof of funds exactly? Is there something you need to do, or does the title company do it?

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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

Samantha, probably not. You would basically need to prove the HML will Not fund the deal. Verify any financing/POF Before you accept a contract. You usually won't be working on the tight time frame as in your example.

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