RE Agent wary of Coastal Funding

but have heard people have had problems. My own agent said they don't take those types of POF letters. My question too is why not, if it is backed by money especially in these hard times.

I have never had a problem, I have used them and another Co. my Realtor never said anything, and the Banks never had either.I would tell them too send it through, the worse that can happen is they would say no to it.

Good luck

Curtis Fillers
(Charlotte,NC)

what did you say???

I also have not had any problems with coastal funding being accepted but I do know agents and brokers if they don't understand what is going on in a deal they won't do it and it is hard to explain things to close minded individuals. So, tell them you will submit the offers without them, and the the offers directly to sellers or sellers agent. Once the deal is done you can go back to agent and broker and let them know how deal went.

I'll keep you updated on our progress with Coastal Funding.
From what I read here, there are other investors who use it
with no problems.
It really is the real estate agents who seem apprehensive just
because they don't know.
The answers here on this forum are encouraging.

Dianna Helm

Thank you for your insight and strategy to submit the deal w/o the agent.
What a great idea.
We appreciate it.

Dianna Helm

Thanks Curtis.
The RE Agent did not specify if the Bank had a problem,
I think it was just she and her broker who are edgy about it.
I've gotten great advice here.

Dianna Helm

Dianna,

no matter how wonderful your agent has been; bottom line, they need to be submitting offers for you; if they won't do it, find another broker that will.

Don't change the ways you do things, make them change their ways

Thanks Valerie.
We (my husband and I ) talked to a DG coach last night
and he said that realistically, some agents and brokers
are not going to feel comfortable with what we do.
We're going to have to have a sit-down with her to find
out if this is going to be a real deterrent, and if it is, we'll
have to move on to another broker.
Appreciate your insight. And i think I'll read your journal!
Dianna Helm

guess you just have to keep moving till you find the man (woman) for the job.

Anyone know of a good company to go with in Georgia, that can provide POF and good legitimate timetables for closing...Double-close transactions.

May I ask why the agent doesn't feel comfotable accepting these POF letters. What was the agents review of the document...and the said problem, just curious.

thanks