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021 Letter Of Intent Format For Job Promotion Valid Sample New Example

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An LOI is a nonbinding legal agreement that not only expresses interest, but typically details the initial terms for the contemplated transaction, timing for due diligence, any contingencies (financing, Board approval, etc.), and specifies the timing to execute a final definitive agreement and close the transaction.

To Seller of Records, This LOI from Real Estate Corporations, Inc. is for the purpose of obtaining a portfolio of REO properties that meet the criteria specified below: Purchaser: John Smith, Buyer's Mandate: Jack Jones,Portfolio Price: 50Million USD, Discounted Price: Up to 57% of BPO + 4% Fees, Geographical Area: Northern California Only, Property BPO Range: 趚ꯠ to ũ귔ꯠ, Property Type: Single Family Residence (SFR), Level of Rehab: Light to Medium, Due Diligence Period: 72 hours, Closing: Within 48 hours after due diligence, Proof of Funds: Soft POF from Attorney attached,Contact: Buyer's Mandate on listed phone number

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