What Does flash cash Mean?
What Does flash cash Mean?
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Most lenders who engage in transactional funding or “flash cash” will require the Trader/borrower to possess an finish-buyer beneath contract with proof of the tip-buyer’s cash to finish the B-to-C transaction (proof of the top-prospective buyers earnest deposit may also be needed).
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Of the 3 options previously mentioned, Choice 1 is the popular remedy, and this is why some transactional funding lenders will acquire additional methods to validate the borrower’s creditworthiness and/or the value and problem of your property.
This really is why some flash cash lenders will take excess techniques to confirm the borrower’s creditworthiness and/or the worth and situation of your residence.
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Although there are clearly some benefits to this creative financing method, flash cash isn’t the right suit for every transaction.
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For additional comprehensive steerage on safeguarding your SSN and how to proceed for those who suspect a rip-off, talk to the SSA's Formal assets. Lender FAQ's