Banks Land Pre-qualification 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
This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. One example is someone using a private road to access their own land. This is the government’s right to use private land for a specific, public purpose after compensating the owner. Generally, this refers to earnest money funds.
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