Posted by Nate(DC) on May 01, 2001 at 16:30:14:
So basically, you want to figure out a way to suggest that you have funds, when in fact you do not have them?? I guess you could make up bank statements or something. The bigger problem is that these sellers do not want buyers like you - they want buyers who can actually provide proof of funds and can close with their own money. By asking for proof of funds, that’s basically what they’re saying - “if you DON’T have proof of funds, I’m not going to be bothered with you”. Maybe you should look for another kind of seller, one that doesn’t require proof of funds. At least not until you have some funds.
Another idea would be to get prequalified with a hard money lender who is willing to give you a prequal letter to submit with your offers. That might work as “proof of funds”.