Letter of Intent sample


(ON COMPANY LETTER HEAD)

Letter Of Intent To Purchase

Date: _____________________

RE: Purchase of Bulk SFR REO
Location:

Attn:

Buyer Name: ______________________________

This is a Letter of Intent to order and purchase a custom order package of ______________________________________ in the amount stated below meeting the criteria listed below. This Letter of Intent is not an offer, option, or contract and shall be considered nonbinding on all parties. The purpose of this Letter of Intent is to convey the basic deal points under which we
would consider moving forward to a binding Purchase Agreement. Only a mutually agreed upon purchase Agreement shall constitute as Binding.

Seller agrees to keep Buyers offer and financial wherewithal confidential, and not publicly disclose, the contents of the Due Diligence Materials, the existence and/or terms of this Letter of Intent, the Purchase Agreement and the transaction contemplated hereby pursuant to the terms of a separate confidentiality.

This LOI will expire 10 days from date above unless the Seller provides to the Buyer the Letter of Asset and Letter of Authorization pertaining to this transaction by the above date.

Purchase Amount: ___________________________________

Price Point: Best price available, not to exceed____ percent

Escrow Agent: Buyer will use Seller's escrow agent.

Title to held in: _______________________________________
ENTER THE NAME THE TITLE IS TO BE TAKEN IN
To close on or before:______________

Date:__________

Buyer Signature: ___________________________________