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AsterKey makes proof-of-funds easier, more secure: Tech Review

Inman

AsterKey is a fintech app with real estate applications, the most notable being its ability to produce a secure, verified proof of funds letter while greatly minimizing the risk of exposure or fraud.

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Proof of Funds Letter for a Real Estate Purchase: Why Home Buyers Need It, Bad

Realtor.com

A proof of funds letter is a document that proves that a home buyer has enough liquid cash to purchase a home. The post Proof of Funds Letter for a Real Estate Purchase: Why Home Buyers Need It, Bad appeared first on Real Estate News & Insights | realtor.com®.

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Your Guide to Finding Reputable Cash Home Buyers in Miami

HomeLight

Before signing an offer, ask for proof of funds Confirming that your cash buyer has the necessary funds for the purchase is a key step in the selling process. Requesting proof of funds — a bank statement or a letter from the buyer’s bank verifying their ability to pay the purchase amount — should be standard procedure.

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Homeownership Terms to Know: Pre-Approval, Pre-Qualification & More

Windemere Buying

Before you begin your home buying journey , it’s helpful to know about pre-approval, pre-qualification, and proof of funds, and the role they play in a real estate transaction. Image Source: Getty Images – Image Credit: Thitiphat Khuankaew What is a proof of funds letter?

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Surprising Things You Should Know About Cash Homebuyers

Realty Biz

Cash Buyers Should Show Proof of Funds While not as complicated as being approved for a mortgage, cash homebuyers should show proof of funds for their offer to stick. Proof of funds is a document demonstrating that the potential buyer or entity has enough money to complete the purchase.

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Top 10 ways to get homebuyers to work with you

Housing Wire

Have the best, most-detailed lender’s letter or proof of funds so your offer won’t be tabled because it’s too vague or boilerplate. This also helps you level-set on their expectations for the homebuying process. Help them write a winning offer Understand what the seller is desiring beyond the asking price.

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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds. As of right now, Accept.inc only operates these services in Colorado, but the company is declaring itself the first “ilender.”

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