It's not unusual for a purchase contract between a buyer and a seller to contain a requirement for the buyer to produce proof of funds.
Some buyers think their proof of funds is nobody's business and resent the intrusion. But when you think about it, why should a seller agree to take the house off the market if the seller doesn't know whether the buyer can actually perform? Of course, a loan officer can verify in writing that the buyer has the money; however, the seller might still want to see hard, cold evidence.
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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.