HUD gift letter requirements

Question

We are trying to buy a house. Lender says that since I will be amending tax returns before closing and there will be a debt to the IRS of 7000, they want it paid in advance through a gift from parents. My stepdad agreed to do this gift, transferred the money from his line of credit into his checking, and the lender is saying that HE has to give me the money from his savings, investments, or home equity. He is willing to give the money, but the way he wants to do it is this line of credit that he's had and used off an on for the last 25 years when he has a large expense. Why does this matter where the money that I am being gifted comes from?

Answer 1

 Good day,

We offer a variety of loans to individuals (personal loan) and cooperate bodies at an interest rate of 3% per annul.This is to help you meet your financial obligations, especially with the ongoing global financial crisis. You can borrow from 5000 to 10,000,000 (pounds, euros or dollars) For further inquiries, please contact us via e-mail ([e-mail]) Regards. hope to hear from you soonest

God Bless You.

Mr Martins Cole

MD/CEO

Answer 2

Greetings,
Al-Futtaim Investment Management Board invite you to be part and
benefit in Her Loan and Project Funding program. This is an improved
and efficient way of obtaining non-secured loan and funding for
various projects without the normal rigorous processes. This funding
package is designed to allow the client a period of 5-7 years for re-payment,
back with a low interest rate of 4.5% per annum.
May you avail yourself of this opportunity and obtain transaction loan
up to $500,000,000.00 or more. We are interested in having a good
business collaboration with you, if you think you have a solid
background and idea of making good profit in any business sector,
please write me for possible business co-operation.
Email:[e-mail]
Regards,
Chairman/Ceo (AL-FUTTAIM GROUP)
Email:[e-mail]