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Top articles: | South Florida real estate developer Martin Margulies has been sitting on prime ocean-front property ... |
| » FL » Real Estate news | 03/15/2012 | | | The Church of Jesus Christ of Latter-day Saints (LDS) has a prominent role in the city with the high... |
| » UT » Rental property | 02/27/2010 | | | As part of his "To Do List" President Barack Obama visited Val and Paul Keller on Friday. The White ... |
| » NV » Mortgage | 05/13/2012 | | | Lately there has been a debate in Utah about whether it is more advantageous to purchase a home or a... |
| » UT » Home buying | 07/14/2009 | | | Utah is known to have the greatest snow on earth. Skiers from all around the globe make sure to visi... |
| » UT » Home buying | 03/26/2010 | | » Read all articles |
| Deposit(also called Earnest Money) A good faith deposit of a sum of money offered by the prospective purchaser at the time of the offer to purchase. These funds are typically deposited into an escrow account and held until the real estate closing takes place. At the closing, the buyer is most often given credit for the earnest money that has already been paid, but it some cases it may be returned to the buyer at closing. These funds may also be returned to the buyer in some cases if the contract on real property doesn’t go through to a final sale. See also:DeedDeed of TrustDefaultDelinquencyDeliveryDepositDepreciationDiscount PointsDistress SaleDown PaymentDual AgentDue DiligenceDue on Sale Clause Real Estate Glossary |
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