Posted by curtis gabhart on May 30, 2009 at 15:30:19:
In Reply to: LOI multifamily posted by Scotty1 on May 17, 2009 at 10:27:33:
Yes the LOI is exactly what it says a letter of INTENT it is rarely binding. To avoid that just write up a purchase contract which will solve your problems. You still will have time for your due dillegence and if you don't like the deal cancel it.
Curtis Gabhart