Posted by NewKidOnTheBlock on September 02, 2003 at 22:53:35:
Once you get a bank or mortgage company approval to do a short sale, you can use your cash, new retail buyer’s cash, or partner’s cash for financing to buy property. However, you should know where your financing is coming from and have your “ducks in a row” before attempting to even do a short sale transaction with a bank! They will ask for proof of funds along with the purchase contract.