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Updated over 10 years ago,
NCND, LOI & POF
When a potential buyer has signed and executed a seller's NCND, wants to review the financials, etc., on seller's properties, but seller raises the question of ability to purchase the properties-- is LOI and POF our next step?
If so, do I need to get seller to sign and execute our CA NCND? Looking over seller's NCND, its not expressed as being a mutual agreement. Our LOI and POF would be to move forward on the properties.
Don't want to be like waiving a fist full of dollars on a hilltop. Rather be waiving it a protective scenario, ya kno, which the NCND provides.
What options are available if seller doesnt sign ours? We really want to see the financials, etc.