Posted by jp moses on December 29, 2000 at 04:52:39:
To whom: whomever owns the house you want to buy
What circumstances: it’s used in making an offer or offers in lieu of writing a contract every time (as a time saver b/c time is money).
At what point: at the beginning when you’re making offers on a property
What accomplished: as I said, it saves time so you can make more offers in less time on more deals.