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bluechip444

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I kept my down payment at the locker and not in the bank account. Please give some advise
the lenders say that It should be in the account for 60 days. What are the other options as I did not know this. I cannot wait for 60 days. Please advise

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I presume that you are working with a mortgage company and they are asking you to validate where the down payment came from.   This is because large sums of money could have came from illegal sources and the government can then seize your assets and the mortgage company gets nothing.    You will have to prove to them the source of the funds.  Do you have copies of legitimate checks you cashed in order to secure the funds?   If a relative "gives" you money, this can be acceptable as long as the relative is willing to sign a legal document stating they gave you the money as a gift and there is no repayment of the funds.  The money can be from the sale of a prior asset as long as you have some documentation of that sale.

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faidros

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When you go to the bank and make that large deposit, be prepared for it to be reported to the IRS and they give you the same questions, as to the original of the money   Any despoit of $10,000 is reported and any deposit of an amount equal to that amount within 72 hours is treated as a single transaction.

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Check what options might be available through the lender.  Keeping a large amount of money in a locker is not something the majority of people will do since that is hardly the safestplace.  You could have earned a bit of interest by putting it in a bank and itwould have been protected by insurance.. 

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