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Proof of Funds Letter - Auction

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This is a template verifying that an entity or individual has funds available from a lender for the purposes of participating in bidding for items at a specific auction. The form contains both standard clauses and opportunities for the use of optional terms and conditions making it fully customizable to fit the needs of the parties. These optional customizable terms include: the type of auction, the date of the auction, the location of the auction, and the type of goods that are to be purchased. This template should be used by an entity or individual who wants to verify that they have funds available to bid for goods at a specific auction.

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									This is a template verifying that an entity or individual has funds available from a lender
for the purposes of participating in bidding for items at a specific auction. The form
contains both standard clauses and opportunities for the use of optional terms and
conditions making it fully customizable to fit the needs of the parties. These optional
customizable terms include: the type of auction, the date of the auction, the location of
the auction, and the type of goods that are to be purchased. This template should be
used by an entity or individual who wants to verify that they have funds available to bid
for goods at a specific auction.
                            [Instruction: Insert lender letterhead here.]



___ [Instruction: Insert date.]



_____ [Instruction: Insert addressee name.]
_____ [Instruction: Insert address.]
_____ [Instruction: Insert city, state, zip code.]



                Re: Proof of Funds Letter for ____ [Instruction: Insert name.]



Dear ____________________: [Instruction: Insert addressee name.]

This letter, drafted on behalf of _____ [Instruction: Insert lender name.], a ____ [Instruction:
Insert lender entity formation information, including state where formed and principal
place of business, if any.] (“Lender”) shall serve to provide proof that _____ [Instruction:
Insert auction participant name.], a ____ [Instruction: Insert auction participant’s
pertinent information, including entity formation information, if applicable and address.]
(“Participant”) has the availability of funds from Lender for the purposes of participating in and
bidding for items at the following auction(s): _____ [Instruction: Insert specified auction
information, including dates, times and locations.] (the “Auction”). The Participant has an
approved availability of funds in the amount of $ _____ United States Dollars [Instruction:
Insert dollar amount.]. Participant may purchase _____ [Instruction: Insert types of items, or
specific items participant may purchase, as the case may be.], as long as the value of same
shall not exceed the full dollar amount available as noted herein. Participant does not have the
authority to substitute any other commodity in place of the Commodity. The funds will be made
immediately available to the Participant at the close of the Auction for the purpose of funding
any purchase as set forth herein, and shall be payable as specified in the Auction rules. Please do
not hesitate to contact us at ______ [Instruction: Insert Lender contact information.] for
further information, or further proof of the above-referenced funds.

Sincerely,

[Instruction: Insert lender signature block.]




© Copyright 2012 Docstoc Inc.                                                                    2

								
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