Yvonne Jones - Private Financial Club: The "Honey of Money"
Soft or Hard Proof of Funds?
Yvonne Jones - Private Financial Club: The "Honey of Money" - Answers: Soft or Hard Proof of Funds - When to Use Them
Are you a Real Estate Investor who is puzzled about Proof of Funds, when to use them, and which one to use?
Question: Soft or Hard Proof of Funds - When to Use Them?
Answer: Hard or Soft PROOF OF FUNDS
Hard Proof of Funds: Hard Proof of Funds is used when you need to show verification of funds in a bank or escrow account, in your company’s name, for a particular project, for a required dollar amount, and for a certain period of time.
Soft Proof of Funds: Attorney's Soft, Proof of Funds Letters are typically used for securing a contract and are more affordable then moving Hard Money into a bank or escrow account.
Some banks and sellers may require either one or both; and if you are not prepared to provide Proof of Funds quickly, you may run the risk of effecting your credibility in a negative way; which in turn, may cause them to overlook your offer for another bidder; so, it is imperative to be ready to provide a Proof of Funds.
A "Low Ball Offer" backed up by a strong Proof of Funds Letter or Bank Account can beat a higher bidder who can only provide a “Pre-Approval” Letter. So, make sure you know the difference, and what is required by the seller.
Private Financial Club can provide both hard and/or soft Proof of funds for serious investors.
Ask about our professional, Attorney’s Soft Proof of Funds Letters to secure a contract and get you started.
You're Invited!
CEO and Owner, Yvonne Jones of Private Financial Club invites you to visit their LinkedIn Group below:
http://www.linkedin.com/groups?mostPopular=&gid=3505513&trk=myg_ugrp_ovr
Proof of Funds / Transactional Funding / REO’s / Bank Guarantees / SBLC's
PROOF OF FUNDS Hotline: 888-POF-1-USA / 312-525-0402
Sincerely,
Yvonne Jones, CEO
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