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I completely understand the smoke_and_mirrors dance producers have to perform to bring all sides to the middle, but when it comes to key talent attachments, if it's not verifiable, it doesn't exist. Bottom line, ditch the letters and let us pick up the phone and verify Mr. Jackman.

I use LOI's a lot when I am trying to buy a property for much less than what the seller says they want, more flexible terms than the seller says they want OR if I am unfamiliar with the property and area I will use the LOI to start the negotiating process while I do my due diligence work in the background. Remember, most of the time an LOI is not a formal offer but mainly a point of understanding between you and the seller.

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