Posted by ED SWVA on May 10, 2000 at 20:28:21:
What I do is put “Personal Line Of Credit” in this part. Do you have an addendum that explains that you go to a “pre-document signing” prior to closing. This addendum explains that you sign all the documents prior to the actual closing and then the closing is held in escrow until the deal is funded. Usually 48 to 72 hours later. This usually covers it because they think that you have all the money ready, it’s just a matter of getting the line of credits “final approval”. You know, all the T’s are crossed and the I’s are dotted. This usually covers the doubt.
Hope this helps.