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2. What is a mortgage proof of funds letter? - AOL

   www.aol.com/finance/mortgage-proof-funds-letter...

   The purpose of proof of funds for real estate is to prove that your offer to purchase a home is legitimate. Without a proof of funds letter, your offer might not even warrant consideration.

3. Proof of funds - Wikipedia

   en.wikipedia.org/wiki/Proof_of_Funds

   Thus, a POF letter or statement provides the selling or lending party with confidence that the funds are obtainable and legitimate. [1] Proof of funds are also often required where there is a potential liability in the future for example it may be requested by governments on visa applications to ensure a traveler has the means to support ...

4. What is a cash offer on a house, and should you make one? - AOL

   www.aol.com/finance/cash-offer-house-one...

   For example, even if you make an all-cash offer, your agent can help you negotiate the most favorable deal and navigate the necessary paperwork. Show comments Advertisement

5. Cash offer - Wikipedia

   en.wikipedia.org/wiki/Cash_offer

   A cash offer can be a really important tool in helping real estate investors get more deals because if you are able to pay cash you can close more quickly. Other lenders assist mortgage buyers compete against cash offers. For example, a mortgage company may provide a buyer a commitment prior to identifying a home.

6. 72-hour clause - Wikipedia

   en.wikipedia.org/wiki/72-hour_clause

   A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

7. 4 Costs To Backing Out of a House Offer - AOL

   www.aol.com/4-costs-backing-house-offer...

   When making an offer on a house, buyers typically submit what’s called an earnest money deposit as a show of good faith. This deposit, usually ranging from 1% to 3% of the purchase price, is ...

8. Right of first refusal - Wikipedia

   en.wikipedia.org/wiki/Right_of_first_refusal

   ROFR: Abe owns a house and Bo offers to buy that house for $1 million. However, Carl holds a right of first refusal to purchase the house. Therefore, before Abe can sell the house to Bo, he must first offer it to Carl for the $1 million that Bo is willing to buy it for. If Carl accepts, he buys the house instead of Bo.

9. Can you back out of a house offer once it’s been accepted?

   www.aol.com/finance/back-house-offer-once...

   A standard real estate contract typically comes with a number of contingencies — these are the conditions that must be met in order for you to move forward with a home purchase. This includes a ...