Frequently Asked Questions
1. What is a Proof‑of‑Funds Letter and how quickly do you provide it?
We issue a formal Proof‑of‑Funds (POF) letter within 48 hours of executing the purchase agreement—often sooner. This document shows nursing facilities your funds are secured so they can reserve a bed immediately.
2. Why do nursing homes require a Proof‑of‑Funds Letter?
Facilities often require families to demonstrate financial resources covering up to a year of care—sometimes over $11,000/month—before confirming admission. The POF letter provides this assurance.
3. How is Lightner Enterprises different from selling with a real estate agent?
Unlike a traditional sale that can take months, we close in 10–14 days. We also cover all closing fees and attorney costs, buy the home “as-is” (no repairs or showings), and work through licensed real estate attorneys for a smooth, transparent process.
4. What does your process look like?
- We meet with you or your Power of Attorney to review your home.
- Once the title is clear and the inspection is complete, we issue your POF letter.
- You provide the letter to the nursing facility to secure a spot.
- We close the sale—usually within 10–14 days—and transfer the funds.
5. Are there any fees or commissions?
No. You pay no realtor commissions, no document fees, and no hidden charges. We cover attorney and closing costs so your proceeds go directly to you.
6. What if the house needs repairs?
That’s okay—we buy homes as-is. Whether it needs work, cleaning, or full renovations, we’ll assess and make a fair cash offer accordingly. No added stress or cost to you.
7. Where do you operate?
We’re based in Yorktown, VA and serve families throughout the Hampton Roads (757) area. Whether you’re local or out-of-town, we’re here to assist. View our full service area list.
8. Can you help if I’m not the homeowner?
Yes. We work with homeowners, executors, legal representatives, and anyone with legal authority (e.g., Power of Attorney or estate executors) to complete the sale.
9. When will I get my Proof‑of‑Funds Letter?
The POF letter is issued after signing a purchase agreement, generally within 48 hours—never before. We’ll guide you through the steps so you know exactly what to expect.
10. How do I get started?
Call or text us at 757‑598‑1887, or request your Proof-of-Funds letter online. We’ll respond within 24 hours and get things moving fast.
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