In general, only those who are serious should get into contract to purchase a short sale. Buyers who walk away from their contracts can cause sellers to waste precious time and possibly enter into foreclosure.
If youâ€™re tired of waiting for this short to go through, give me a call and I find you a similar home. There is plenty on the market.
Barbara Klare, Broker Associate
Gulf Coast Realty
I think the best way to answer the question is to reverse the roles. If you were selling your home to an all cash buyer, how recent a statement/proof of funds letter would you want? Personally speaking I would want the most up to date statement from the Purchaser's bank(s) to verify the money is available NOW.
The fact you've been asked for this letter several times is due to the short sale negotiating process. IMHO, the short sale process is a disaster. Five months? Walk away. Short sales are a nightmare.
All banks are different in what they require.. A proof of funds letter should be good for 60 - 90 days.
Should you have more questions let me or just make another post on trulia..
Have a Great Evening and Keep it Moving Forward..