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Real Estate
Reply to "Gift money from parents won't arrive on time - Any suggestion?"
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[quote=Anonymous]Are you saying the money will come in after closing or just not today to make the offer? If you have the letter from the lender showing that you can afford the mortgage, you make the offer. Closing won't come for a while. Even if it will take your folks a little time to move finds to send it to you, you can work with the lender and they will want a gift letter from your parents which you can get now. Your parents' gift goes to you, and as long as all the money you need to being to closing is in your account on the day you write the check, you're fine.[/quote]
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