So, on the additional documentation route:
We were doing a (8.75%) constructiuon loan. It was all but approved and then suddenly they say "We need a 10% contingency in your account"
WTF, you know how much I have.
I took my 1-yo H-D motorcycle over to the local dealer, said "don't F with me, just write me a check"
OK, I have the contingency in the bank
Where did you get that?
I sold my H-D
Can you prove it?
WTF, yeah, it's no longer in my yard, and I have an extra $16k in the bank
We need a letter from the dealer stated they purchased it , and the price they paid
