Posted by Redline on July 03, 2002 at 12:47:53:
Proof of funds will generally resemble some sort of ‘official looking’ document like a bank statement -or- a statement from a mortgage broker, or private lender with an acct# or a contact#.
How do you know if the person will close? You don’t. And you can’t guarantee everything you tie up will be to their liking. That’s part of the business. That’s why you need to find DEALS. If you’ve got a REAL DEAL who cares if guy #1 closes? You’ll be able to find 10 other guys to take his place. Of course, if you’ve got a DOG and not a DEAL you’re out of luck.