Almost every offer for a bank-owned property must be accompanied by either a proof of funds or loan preapproval. Offers won't usually be entertained without one accompanying the contract. With the strict lending market, this is now more important than ever. Banks, and their agents, don't want to waste their time with buyers who don't have the ability to follow through on the terms of a contract. It takes...
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by Matt Kastner - 16 years ago
- Foreclosure Investing