Best Way To Sell An Asset For House Down Payment…

Good Morning!

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!

Have a good day today! …and thanks for reading.

Brett

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