Definitions for "Gift Letter"
Keywords:  bona, fide, donor, affidavit, letter
A letter prepared for a mortgagee which verifies that the sums of money being used as a down payment were a gift from a relative made without obligation of repayment.
A letter provided to a lender or government agency acknowledging that the money being used to purchase real property was a gift from a relative and carries no obligation to repay.
A letter stating that money has been given to you to apply towards the purchase of your home. This money is usually from a relative or a friend and is stated in the letter that this money is not to be paid back.