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Pat Baker, Real Estate Pro in Needham, MA

For a cash buyer what is reuired by the bank on this property?

Asked by Pat Baker, Needham, MA Mon Feb 2, 2009

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Hi Pat,

I dont know specifically about this property, but I do alot with foreclosures and they usually just require a copy of a the buyer's bank statement. If the buyer doesnt want to devulge that kind of info, then they can get a letter from their bank stating that the available amount is with the added language that it "is liquid and can be drawn from at any time".
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0 votes Thank Flag Link Tue Feb 3, 2009
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