Question relating to short sales and double closing…Will the SS lender need to see my proof of funds even though the end buyer is essentially funding my purchase as well? Or will they just need to see end buyers proof of funds?
Thanks,
Gregg-Tucson
Typcially the lender who is letting you do a short sale will not know you are doing a double-close. So, you need to have some way to show the lender you can close the deal. That’s what they are expecting when they agree to your offer.
It’s pretty easy to get a pre-approval letter from a hard-money lender.
Yes they will want to see a proff of funds like reiauctions said they are really easy to get. Just call any HML and they will give you one.