131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution. Buyers with all-cash offers still need a proof of funds letter, but for the entire amount. These funds must be liquid, not stocks or bonds. Real-estate owned (REO).
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