Posted by Eric Fl on November 06, 2000 at 21:31:36:
I use the letter of intent more for explaining the idea of a deal to some one. Because I live 1-½ hours from any of the properties I look at. I use it to help them understand what I?m trying to tell them as I screen them on the phone. Kinda like a security blanket so its not a waste of time for me nor them. It works for my wife and I hope this helps explain what we use it for.