Sentences with phrase «nonrefundable earnest money deposit»
Resigned and trusting, Alex and Monique give the builder a $ 10,000 nonrefundable earnest money deposit as stipulated in the contract.
http://realtormag.realtor.org/ Not exact matches
A seeming oxymoron is nonrefundable earnest money, a euphemism that some sellers use for a deposit that they intend to keep whether or not the sale goes through.
Let's look at a common situation that illustrates the confusion that can occur when a seller refers to a nonrefundable deposit as earnest money.
The transaction required the venture to post a $ 10 million earnest money deposit, which is nonrefundable provided certain estoppels and consents are received and certain other customary conditions are satisfied.