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What Is a Proof of Funds Letter in Real Estate? | DoubleClose.com

Here is everything you need to know about proof of funds letters in real estate. If youu2019re looking for funds to double close a hot real estate, contact DoubleClose.com. We can also provide proof of funds for the real estate transaction. Visit https://www.doubleclose.com/ to learn more about us.

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What Is a Proof of Funds Letter in Real Estate? | DoubleClose.com

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  1. Proof of Funds in Real Estate: Everything You Need to Know

  2. What Is a Proof of Funds Letter? • It’s an official document that guarantees you have sufficient money to pay for the real estate transaction

  3. Who Issues Proof of Funds? • A proof of funds letter is issued by banks, credit unions, or any financial institution that holds your money

  4. A Proof of Fund Letter Will Include: • Bank’s name and address • Bank statement • Balance of total funds in your account • Signature of an authorized bank employee

  5. Why Do You Need a Proof of Funds Letter? • It’s a document often required for the home-buying process. A seller will demand a proof of funds letter to proceed with the sale.

  6. How to Get a Proof of Funds Letter • Have the funds ready in your account • Request the POF from the bank • Produce the letter when necessary

  7. Pre-approval Letter Versus POF • A pre-approval letter states that you’re qualified for a loan. But POF is a document that states you already have the funds in your account.

  8. Do you need quick funds and loan approval letter to double close a real estate transaction? We can help!

  9. At DoubleClose.com, we fund your real estate deals across the USA for double closing situations. We can provide the necessary loan approval letter to make your transaction successful Visit www.doubleclose.com for more details

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