There is more than one way to verify income and expenses for sure, but there are a number of key questions and information that must be verified and will be required by any lending institution. Understanding these requirements assures that you have good quality reliable information. The purpose of the due diligence period is to confirm the information you were supplied with during the offer process, and to make sure that the information was correctly represented. If you’re not an experienced buyer, to some extent, you don’t know what you don’t know, and a smart buyer will recognize this and understand the importance of working with the Broker that they know will know what questions to ask.
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