I'm not sure how this is going to play out, but I was very surprised that section 8 didn't even want proof of damages or reciepts.

We will find out today, where we stand, but the success in this is that we succeeded in getting over 8M in proof of funds to put this deal together.

When they ask for proof of funds - would the seller provide their CD details directly to us or the lender?

You also create a HUD statement, showing that the owner is getting no money in return for this short sale.So if the home is worth 100k and you can show proof that it needs 30k-40k in repairs, then you put a offer in for 45k and see what the bank tells you.They will send a realtor by to confirm your evaluation of the property.Hope this helps you.

Then say, "Are you tired of the following: - list all the things landlords would be tired of in bullet format.

Ya, you will definitely need a Proof of Friends letter and a decent sized earnest money deposit (EMD) (generally $1,000 minimum).

They naturally wanted proof of funds for doing the deal

Always use a company check and proof of funds in the form of a bank statement from the same account that the check was written from.

That’s why guru and success coaches are in a great business, they spout motivational drivel to the masses who want to believe there is a magic bullet that will turn them into the next Donald Trump.

Since deal was delayed, original seller banked the original non-refundable earnest money deposit of $10K without informing anyone and disappeared - left me standing to face the bullets.