I have heard 2 things about Proof of Funds Letters, so please someone clarify this for me:
1. I heard th POF letter is almost a non issue, because all you have to do is tell the REO agent that you are getting a Hard Money Loan, and the is supposed to write that up a certain way on the paper work....Someone give details
2. I'm hearing that you can go to any 24hr. funding companies website and obtain a FREE POF letter and just use it to get your offers accepted....Again, someone please give details....Thanks in advance