Tag Archive for: paper trailing

Unexplained Deposits, Seasoned Funds, Sources For Seasoned Funds

I mentioned yesterday how “unexplained deposits” on bank and investment accounts often create problems when transactions are in escrow. This is because lenders want to make sure all funds going toward a down payment are “seasoned.” What Are Seasoned Funds? “Seasoned” means that the funds have been in a borrower’s bank account for over two […]Read More