Sentences with phrase «earnest money deposit into»

The seller signed a sales contract with a couple, and the broker placed the buyers» $ 2,000 earnest money deposit into an escrow account.

Not exact matches

The home inspection is a contingency written into most offers, meaning that if the buyers aren't happy with the result, they can cancel the sale without losing their earnest money deposit, or reopen negotiations and ask for a price reduction.

The buyer usually deposits an amount, known as earnest money, into an escrow account as a guarantee to the seller that he will proceed with the closing.

This investment amount is the difference between the HECM principal limit and the sale price for the property as well as any fees that are not financed into the loan, less the amount of the earnest money deposit.

At the time a buyer signs these forms they usually put earnest money or a deposit down on the home to show that they are entering into this agreement in good faith, and do intend to purchase the home.

Also be wary of being rushed into a decision to rent or buy an apartment or other housing, or to send a deposit, earnest money, down - payment, rent or other money.

The recent move up began in earnest at the beginning of the last tightening cycle, but has persisted into the loosening cycle, as the FOMC has not let the monetary base grow, but has permitted the banks to continue to gather deposits (banking, savings, CDs, money market funds).

In Wyoming, brokers can't earn interest on clients» earnest money, so the association last September established a 501 (c)(3) organization that allows brokerages to each open a federal tax - exempt, interest - bearing account into which all earnest monies from their transactions can be deposited.

The rule now says earnest money must be deposited into a trust fund within three days of execution of the contract by the seller and buyer.

For example, the earnest money deposit is put into escrow until delivered to the seller when the transaction is closed.

The earnest money is not yours or the buyers once deposited into a bonded account.

I heard a guy say that, if you fund the earnest money deposit on a wholesale deal, purchase agreement contract, (A to B) with a check from your self - directed IRA, that the entire wholesale fee you make (B to C), all of it, is profit, put back into your IRA.

The buyer's initial earnest money isn't the only money that can gets deposited into the escrow account.