The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Does a cash offer require 'seasoned' money||Date: 12/5/2012 8:03 PM|
|Author: Dwdonhoff||Number: 124450 of 128456|
It's a bank-owned foreclosure and requires proof of funds with the offer. Do the funds need to be 'seasoned' or can he just deposit the money from the family member now and provide something from the bank for the offer? TIA.
Just dump the dough in the account, pull a current balance statement & shove it over... should be fine.
Luck to him!
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|