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Sample Proof of Funds Letter for Real Estate Purchase
A Proof of Funds Letter for Real Estate Purchase is a written statement prepared by the financial institution on behalf of the prospective real estate buyer to confirm they have enough money to finance the purchase of the house, apartment, or commercial property they want. Since real estate transactions involve large sums of money, the owner of the property in question needs to make sure the purchaser actually has the funds to buy the real estate. The buyer must request this document from the financial institution that handles their savings account.
Download a Proof of Funds Letter for Real Estate Purchase Sample through the link below. A bank representative or an employee of the financial institution can compose a short letter to their client to verify they are able to buy real estate. To draft a proper statement, it is necessary to write down the name and contact information of the organization you represent, indicate the name of the client, record the blocked funds reserved for the upcoming transaction, and date the letter to show the real estate agent or the seller the details are recent and correct.
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