Quote Originally Posted by Olderguy View Post
A lender isn't going to give anyone "proof of funds"....because a LOI isn't an approval. An approval has to go through underwriting. And appraisals are taking 6 weeks right now. And I have seen land approvals at + or - 50%. Had one at $160K and another appraisal at $610K Same property.
Two appraisals coming in at such insane difference just means one appraiser was working for the lender & the other was independent, if you ask me.