Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

  Edith , I had a very difficult time with a buyer ... in short she did not close ... lost her D.P. and it's over. How can I protect myself from another CASH
buyer ? Can I ask for documentation in a general way that will let me know that he/she has the CASH? My realtor says she can't see that will make a difference .... I say she didn't do her do diligence by believing the buyer had to cash ... we still do not know ... what's your opinion ? Thanks in advance , Brian
 
  I wouldn't accept a purchase offer wihtout some assurance that the buyer is not only ready and willing, but also able.  Your agent would be quite within her rights to ask for documentary proof -- credit report, etc.
    Edith
Originally published on August 5, 2008
 
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