I recently made a cash offer on a REO property in my area. My offer was rejected do to the fact that my proof of funds letter was from a transactional funding source. I have a end buyer for this purchase, but now my realtor is telling me that I have to show a bank statement showing that I have the cash. I don't want to loose this deal since it's my first deal.
Transactional Funding
I recently made a cash offer on a REO property in my area. My offer was rejected do to the fact that my proof of funds letter was from a transactional funding source. I have a end buyer for this purchase, but now my realtor is telling me that I have to show a bank statement showing that I have the cash. I don't want to loose this deal since it's my first deal.