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All Forum Posts by: Yorie Wayne

Yorie Wayne has started 1 posts and replied 3 times.

New Member Introductions

Post: Proof of funds and Earnest Money

Yorie WaynePosted
  • Posts 3
  • Votes 0

Thank you very much for your replies, much appreciated!

0 Votes
New Member Introductions

Post: Proof of funds and Earnest Money

Yorie WaynePosted
  • Posts 3
  • Votes 0

Yes David correct. This is actually a hypothetical question as my state (NY) requires RE Attorneys for deals. I've seen and heard that attorneys usually don't let their client sign the contract if you cant provide a good amount of earnest money and usually would ask for proof of funds. Are there any ways that I can resolve an issue like  this?

0 Votes
New Member Introductions

Post: Proof of funds and Earnest Money

Yorie WaynePosted
  • Posts 3
  • Votes 0

Hey guys, I'm a newbie in Real Estate Wholesaling trying to gather as much information as i can. So my question is, do you guys know what to do when a seller's Attorney is asking for proof of funds and is also looking for ridiculous amounts for Earnest money? Thank you all in advance.

0 Votes