How To Sell A Physical Asset To Raise Money To Buy A House — Berkshire Lending

 

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!

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