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The letter will be to outline/proposal to my mother and her sibling in order to buy property by way of bond for title: purchase price of $25,000, Deposit of $500.00. monthly payments of $200.00 due by the 15th of each month for 2 years. Thereafter, full balance is due. $25 late fees after the 15th. Payments are deducted from price of property. I have a copy of bond for title from another property that I will use if they accept the deal. The house is in need of fixing up: roof, electrical, flooring and plumbing. Will use my money to fix the house once a deal is accepted. The house has been vacant for numerous years. They are paying $279 each year for property tax and cost of maintanance of property monthly. I am unaware about insurance. The state is Alabama.
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