A deposit paid by a buyer to a seller to demonstrate intention to complete the purchase.
Related information about earnest money:
- Earnest payment - Wikipedia, the free encyclopedia
If the seller accepts the offer, the earnest money is held in trust or escrow. ... If the offer is rejected, the earnest money is usually returned, since no binding ...
- earnest money deposit - a short tutorial
Many home buyers and sellers are confused about the earnest money deposit. What is it, who gets it, and when?
- Earnest Money Definition | Investopedia
A deposit made to a seller showing the buyer's good faith in a transaction. Often used in real estate transactions, earnest money allows the buyer additional time ...
- Earnest Money Deposits
Explains how much earnest money is required and why buyers submit good faith deposits with offers. Why are trust accounts essential and whom can a buyer ...
- Making an offer on a house, and paying Earnest Money
If there's a good chance you want to buy the house, then you'll make an offer to the seller. That means you tell the seller how much you're willing to pay for the ...
- earnest money - Legal Dictionary - The Free Dictionary
A sum of money paid by a buyer at the time of entering a contract to indicate the intention and ability of the buyer to carry out the contract. Normally such earnest ...
- earnest money deposits earnest money deposits - North Carolina ...
to hold the funds in trust until you and the seller resolve the dispute in writing or until a court decides the matter (less than $5000, Small Claims Court; more ...
- Q&A: Earnest Money
Jun 7, 2007 ... A recent search engine visitor asked: Who gets to keep the earnest money a real estate deal falls through? My answer: While I've talked in the ...