Hello!
I’ve Touched On This Before, But I Had This Come Up The Other Day, And Thought I Might Touch On It Again.
When You Sell A Personal Asset Such As A Car Or Boat To Raise Money For A Down Payment To Buy A House Here Is What You Will Need To Show The Underwriter To Use The Funds…
• The Ownership Of The Asset (Proof – Such As A Car Or Boat Title)
• The Transfer Of Ownership Of The Asset With Its Sale, Such As A Bill Of Sale Or A Statement From The Purchaser
• The Receipt Of The Proceeds Of The Sale, Such As A Deposit Slip, Bank Statement, Or Copy Of The Purchaser’s Check
That’s It For Today!
Have A Good Day Today!
…And Thanks For Reading.
Brett