A couple purchasing a seller’s home deposited $8,000 in cash into their checking account three days before closing. Their father had given them money to buy new furniture and appliances for the house. The mortgage company reviewed their balances the day before closing and found the deposit. The bank required a gift letter. The father had just gone on a hunting and fishing trip in Michigan, and no one could reach him. This caused a two-week delay in the closing.
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