Sentences with phrase «earnest deposit»
The phrase "earnest deposit" refers to a sum of money that is given to show sincerity or seriousness in a financial transaction, such as buying a house or renting an apartment. It demonstrates the buyer's commitment and is often considered as a down payment which shows a willingness to proceed with the deal. Full definition
Are you able to offer the highest earnest deposit for example?
moneysense.ca
All offers on properties require a $ 2500 non-refundable earnest deposit and 10 day close of escrow.
The strongest offers are those with a healthy earnest deposit that are effective on the day that the contract is signed by both The buyer and the seller.
I've never heard of such high earnest deposits.
The amount of the grant is determined by a 2 - to - 1 match of the borrower's contribution to their mortgage in earnest deposit and cash brought at closing with a maximum grant of $ 5,000.
Also earnest deposits held pending loan closing.
On the contract, I typically write «$ xxx earnest deposit upon lender's short sale approval».
If the seller has not performed in accordance with the terms of the contract — i.e. close of escrow — you are free to cancel the contract and recover your full earnest deposit in nearly every case.
We had superior service matched with the convenience of electronic earnest deposit and the mobile notary making our escrow seamless.
Decide the amount of money you will contribute to your down payment and closing costs in earnest deposit and cash brought at closing to determine the grant amount you wish to request.
«Along with the contract, they sent an entire page explaining why they do the earnest deposit.»
Do you know how to get yourself through a 10 - 100 page contract without getting sued, losing leverage, or losing your earnest deposit?
Amount of grant requested: NOTE: Grant amount is your contribution to the mortgage (earnest deposit and cash brought at closing only) multiplied by two, not to exceed $ 5,000.
Your Real Estate agent will ask for «earnest money» or an «earnest deposit» from you when your offer is accepted.
But if no agreement is reached, then you can take your earnest deposit and skedaddle.
We couldn't completely walk away without one last response and still get to keep our earnest deposit, based on how our previous responses were worded (they didn't have price figures in the earlier ones).
As a buyer, I don't recommend opening escrow or putting up the earnest deposit without getting an approval letter first.
If you're going to be making offers on listed properties, then yes, you will need some $ $ for an earnest deposit.
READ THE FINE PRINT before you make an offer, often you'll find your are fully committing your earnest deposit before even getting an opportunity to do even the slightest diligence.
Guess I can track down the $ $ amount in Delaware for an earnest deposit that would make a contract a binding agreement.
Bank (seller) countered back with the same price and 10 % earnest deposit, plus closing within 2 weeks.
I countered back with same price and $ 5K earnest deposit.
im not real sure yet but all earnest deposits go to the title company correct and then they re held in escrow?
So I assume its a good idea to get an earnest deposit from my investor, especially if I haven't made deals with him before, Whatever that amount may be..
The elusive 6 - plex was finally listed this morning for $ 159.9 K. I offered the asking price, in cash, with a $ 1K earnest deposit.
Once you connect with us and you want to purchase the property, we'll require a earnest deposit to secure your offer on that property.
In most markets, a 3 % earnest deposit is required to be submitted to an title company shortly your offer is accepted.
But if no agreement is reached, then you can take your earnest deposit and skedaddle.
4) Write offer and prepare earnest deposit: Your earnest deposit is applied to your down payment and closing costs at settlement.
You'll need to deliver the earnest deposit shortly after your offer is accepted.
Earnest deposit — Essentially a good faith deposit, the earnest deposit is given to the escrow company after an offer is accepted and is applied against the final cash due and closing costs.
In the event of a dispute, the escrow company will use the contract to determine who will get the earnest deposit.
Canadians, keep your checkbooks at home — your earnest deposit will have to be wired across the border because local escrow companies can't process Canadian bank checks — even on U.S. dollar accounts.
Decide the amount of money you will contribute to your down payment and closing costs in earnest deposit and cash brought at closing to determine the grant amount you wish to request.
The amount of the grant is determined by a 2 - to - 1 match of the borrower's contribution to their mortgage in earnest deposit and cash brought at closing with a maximum grant of $ 5,000.