POF for buyer who has "Sale of Buyer's Property" contingency?

What can you show the SS Lender as POF for a buyer that has a "Sale of Buyer's Property" contingency and will be using the funds from the home sale to purchase the SS property?  Will a seller Net Sheet suffice? Thank you.

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That should work. Or a HUD. Good luck getting the short sale lender to "get it". Not sure I would do a contingency contract on a short sale. But of course all markets are different. We have too many available buyers to have to bother with complicated contracts. Good luck!!!

Bibi,

      The best bet would be to speak to the negotiator to see exactly what they need in this situation. An additional item to  provide may be a letter of explanation signed by the buyers to help the mortgage servicer fully understand what is taking place.

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www.ishortsalenow.com

They normally will not accept a contingency contract.  If the buyer's house already has a contract on it, that's a different story.

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