Often earnest money deposits are between 1 % and 2 % of the full purchase price.
Often an earnest money deposit is a check held by a seller's Realtor in good faith, but it's not cashed.
Not exact matches
Buyers who back out after securing a home loan will lose their
earnest money deposit, which is
often held in an escrow account until closing.
Often called in real estate as an «
earnest money deposit.»
This will
often cause you to miss your closing date and the seller can take your hard earned
earnest money deposit for failing to perform on the sales contract.
This is
often done with no regard to your financial interest and potential for losing your hard earned
earnest money deposit while in escrow if your loan will not approve.
The
deposit to be disclosed under § 1026.37 (h)(1)(iv)(A) is any amount that the consumer has agreed to pay to a party identified in the real estate purchase and sale agreement to be held until consummation of the transaction, which is
often referred to as an
earnest money deposit.