What is an Earnest Money Deposit? Before explaining how you can lose an earnest money deposit, you need to know what it is first. When buying a home, you’re required to put money in escrow that signifies you are serious about moving forward. Another way to think about the purpose of these funds is to
How Earnest Money Can Affect the Offer
April 25, 2019 by
Earnest money is a good faith deposit when you place an offer on a piece of property in order to convince the seller that you’re serious enough about your offer to put money down on it. The earnest money deposit is usually in the form of a check but can be in the form of a
