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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

Always use a letter of intent to present your preliminary offer to a seller. This will save you writing time, legal fees, and will be easily read and understood by the seller and any other interested parties who must be made aware of your intention to purchase the subject property.

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