• Omgboom@lemmy.zip
    link
    fedilink
    arrow-up
    20
    ·
    5 months ago

    A friend of mine works at a title company and one of these sovereign citizens tried to purchase a home recently. They tried to use all homemade documents for their identification and financial statements, repeatedly. They refused to produce any genuine documents and became increasingly angry when told that they would have to regardless of their personal views on government and it’s laws. It drug on for months, until finally they had to threaten to call the police if this person showed up angrily demanding that exceptions be made. In the end they obviously were not able to purchase the home they were attempting to buy.

    • shortwavesurfer@monero.town
      link
      fedilink
      English
      arrow-up
      1
      ·
      5 months ago

      My question would have to be, was this person attempting to get a loan for the house? Because if so, I can understand where they would need financial statements and identification. But if the person walked in with the cash to buy the place, free and clear, then I don’t see why it should be a problem.

      • Omgboom@lemmy.zip
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        5 months ago

        It’s called a proof of funds and it’s used to ensure that the buyer has sufficient money to complete the transaction. It was a cash transaction and as I understand it they brought a picture of money and precious metals and a home made ID card

        • shortwavesurfer@monero.town
          link
          fedilink
          English
          arrow-up
          1
          ·
          5 months ago

          Right, and if the proof of funds is you say that the house cost this much money and the person pulls that much money out of their wallet or whatever and hands it to you, that’s proof.