Letter of Intent   

 

Date:                                    

 

 

This is a Letter of Intent from       __________________________________________________

for purpose of obtaining ____________________________________________ meeting the criteria below on behalf of the buyer listed above.  

 

Purchase Amount: $_______________________    (USD) Example

 

Buyer agrees to accept any increments up to and including the full amount requested and will close increments as presented, if accepted.

 

Maximum amount: not to exceed:  _____________ % as a percent of the fair market value, plus 3% in fees.

Funds verification: upon acceptance of order by Seller or Seller’s attorney only, directly with Buyer’s financial institution.

Due Diligence Period:     ____________________                             

States:                                                                                                          

Major cities preferred:                                                                         

                                                                                                                        

Major counties preferred:                                                                   

                                                                                                                       

Range of Property Value: $                                                                  

Property Type:   All      SFR     Condo      Multi       Comm  

 

 

 

 

 

Buyer Company:        ____________________________________           

Buyer’s name:                                                                                   

     Title:                                                                                                  

     Company State of Organization:                                             

 

Buyer Direct Phone:                                                                       

Buyer Email:                                                                                      

 

Buyer Company Address:                                                              

                                                                                                                 

 

Buyer’s Mandate Name:   ________________________________

Buyer’s Mandate Direct Phone:           _____________________ 

Buyer’s Mandate email: ________________________________ 

 

Buyer’s Attorney Name:                                                               

Buyer’s Attorney Direct Phone:                                                  

Buyer’s Attorney email:  __________                      

 

Letter of Intent Initiator   Bill Twyford 

Phone  303-870-8851 

Email   billtwyford@aol.com 

 

This LOI expires  ____  days from the above date. 

 

Requested Contact Time:                                                      

Preferred Contact:   Buyer    Mandate    Atty  

           

 

Level of Rehab:   Light     Med-Light      Heavy      Note:   Individual Sellers may elect to call their choice

                                                                                                                                                                                                   

 

UPON RECEIPT OF THIS LETTER OF INTENT PLEASE CONTACT US DIRECTLY FOR FINALIZATION AND EXECUTION OF ALL APPROPRIATE PAPERWORK ON AN ATTORNEY TO ATTORNEY AND ESCROW TO ESCROW TRANSACTION 

 

We are ready, willing and able to complete such a transaction.  Further we are authorizing , co-mandate, and/or mandate and/or the selling institution and/or their attorney’s to verify both verbal and in writing our company and the availability of the non blocked funds through our designated institution(s) for this transaction. 

 

Signed __         __________________________        

Signature :  __   __________________________                    Date:                 ____________                                                                      who has the authority to transfer funds for Buyer 

 

Email Back to billtwyford@aol.com 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXAMPLE OF LOI 

Letter of Intent  

Date:  April 22, 2009       

 

This is a Letter of Intent from       (NAME or COMPANY).                

for purpose of obtaining Regional or Nationwide REO’s meeting the criteria below on behalf of the buyer listed above.  

 

Purchase Amount: $   1m-10m   (USD) Example 

                                                                                                                     

 

Buyer agrees to accept any increments up to and including the full amount requested and will close increments as presented, if accepted.

 

Maximum amount: not to exceed:  55          % as a percent of the fair market value, plus 3% in fees.

Funds verification: upon acceptance of order by Seller or Seller’s attorney only, directly with Buyer’s financial institution.

Due Diligence Period:     Five (5) Days                                               

States:     (Florida , Ga, NC, NJ  where ever you want to buy)                   

Major cities preferred:    ALL                                                               

                                                                                                                        

Major counties preferred:                                                                   

                                                                                                                       

Range of Property Value: $   10,000 – 450,000                                  

Property Type:   All      SFR     Condo      Multi       Comm  

 

 

 

Buyer Company:        (COMPANY)           

Buyer’s name:       (NAME)                                                               

     Title:     (Operating Manager/CEO/Principal/COO)                        

     Company State of Organization:     STATE                             

 

Buyer Direct Phone:   (PHONE)                                                     

Buyer Email:   (EMAIL)                                                                      

 

Buyer Company Address:   (STREET)                                            

        (CITY STATE ZIP)                                                                              

 

Buyer’s Mandate Name:        Who represents you in negotiations        

Buyer’s Mandate Direct Phone:           Their number                 

Buyer’s Mandate email: Their email_____________________________________  

 

Buyer’s Attorney Name:   (company)                                          

Buyer’s Attorney Direct Phone:   (phone)                                    

Buyer’s Attorney email:  (Email)              

Letter of Intent Initiator   Bill Twyford 

Phone  303-870-8851 

Email   billtwyford@aol.com 

 

This LOI expires  90  days from the above date. 

 

Requested Contact Time:   8am-10pm EST                     

Preferred Contact:   Buyer    Mandate    Atty  

           

 

Level of Rehab:   Light     Med-Light      Heavy      Note:   Individual Sellers may elect to call their choice

                                                                                                                                                                                                   

 

UPON RECEIPT OF THIS LETTER OF INTENT PLEASE CONTACT US DIRECTLY FOR FINALIZATION AND EXECUTION OF ALL APPROPRIATE PAPERWORK ON AN ATTORNEY TO ATTORNEY AND ESCROW TO ESCROW TRANSACTION 

 

We are ready, willing and able to complete such a transaction.  Further we are authorizing , co-mandate, and/or mandate and/or the selling institution and/or their attorney’s to verify both verbal and in writing our company and the availability of the non blocked funds through our designated institution(s) for this transaction. 

 

Signed __         __________________________        

Signature :  __   __________________________                    Date:                 ____________                                                                      who has the authority to transfer funds for Buyer 

Email Back to billtwyford@aol.com