I'm getting a lot of agents who don't understand what proof of funds is or why a seller needs it. They seem to think that a loan "preapproval" is proof of funds even when the offer instructions say to include the preapproval AND proof of funds.
And I'm back to getting preapprovals that are really prequals. Some don't even have loan amounts or downpayment requirements. Nothing to back the offer! I just got one that has the purchase price BLACKED OUT!
So how in the world can a seller especially a bank seller accept such an offer without asking for the information I already told the agent we need. I wonder if they let THEIR sellers accept such undocumented offers.