Earnest money is a money deposit made by a buyer to a seller as a sign of good faith that you are seriously interested in buying a home. This earnest money is credited to the down payment at closing. It is held in a non-interest bearing trust account until the time of closing. Typically, the […]
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What is Earnest Money?
- Post author By Bill's Mortgage Information
- Post date March 8, 2012
- No Comments on What is Earnest Money?
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