Banks Construction Due diligence Proof of funds 
HomeLight
APRIL 26, 2023
The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing.
The Close
DECEMBER 29, 2022
Construction loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Due diligence period. What if your clients are asking about their due diligence period? This is the amount of a property that a person (not the bank) actually owns. Contingency.
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