How to Write a Letter of Intent (LOI) For a Bulk REO Purchase. If you are looking to purchase a bulk REO(Real Estate Owned) from a seller, you have to provide a Letter of Intent (LOI) to the seller as a first step. An LOI should be written by the buyer and makes the first impression on the seller.
2 _ It should be clearly written in a neat & tidy fashion. The intentions of all concerned needs to be recorded in the document. Before commencing to write you're best to make yourself familiar with the various styles of business letters. 3 _ After all the entities involved in the deal sign the memorandum of understanding, a joint press release should be issued. It sends a very positive message to the stockholders of the businesses involved.