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Closing Costs Funds Verification? Are you kidding???

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Established Member

Re: Closing Costs Funds Verification? Are you kidding???

I received a gift from my mom and had to provide a signed gift letter (LO provided the template) a copy of the check, and had to provide her bank statements (30 days). LO said this was standard procedure to ensure the funds for the gift were sitting in the account and not borrowed in the form of a loan.
Message 11 of 11
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