Why does my real estate agent want a Proof of Funds Letter?
Posted on March 17th, 2010 in Renting & Real Estate | 6 Comments »
My real-estate agent (whom also is representing the seller on this particular property) is asking us for a Proof Of Funds letter. Is this unusual? Why should we let the representative of the seller know how much money we have in the bank, as I think that would impact our leverage in negotiations because the seller and the sellers agent will know how much we could possibly afford? Opinions?





