2007-12-29 14:25:28 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The reason I ask is because the letter says "i state the funds given to the applicant were not made available to the donor from an person or entity with an interest in the sale of the property including the seller, real estate agent, or broker, builder, loan officer, or any entity associated with them"
2007-12-29 14:37:21 · update #1
yes as long as its a donation and not a loan the bank will have no prob with it
2007-12-29 14:28:33 · answer #1 · answered by john travolta 3 · 0⤊ 0⤋
The answer is pretty clear. Your father was your real estate broker. Therefore, you cannot certify that the money was NOT given to you by someone associated with the transaction. However, you MAY be able to handle this if you explain to the lender the situation and relationship involved.
If you don't explain, you are committing fraud. Get their approval for the situation in writing.
2007-12-29 23:21:42 · answer #2 · answered by acermill 7 · 0⤊ 1⤋
Yes.
Your dad should know the answer to this. If he doesn't, consider another Broker.
2007-12-29 22:29:07 · answer #3 · answered by Anonymous · 1⤊ 0⤋