Conditional Approval Letters

Stand-by-Letter-of-CreditConditional Approval Letters are often required by sellers, as proof of a clients ongoing progress in obtaining financing for a proposed purchase. While these letters are most commonly used for
real estate transactions, they can be used for any purchase or financing which might need additional time to develop. They can also be used to indicate the proposed buyer/borrower’s ability to obtain funding, prior to tha acceptance of a purchase offer.

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