How to Obtain Financial Verification for a Cash Offer
A proof of funds (POF) letter is one of the most important documents that a cash buyer needs to present to a home seller or lender when making an offer. Like mortgage pre-approval letters, this document helps home sellers and lenders verify that the cash buyer is able to complete the purchase and pay off any liens on the property. A POF letter is typically written by your bank on its letterhead and dated the day you make your…