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Top articles: | Share First of all, when explaining Ulster County Real Estate, you start with it is location in Up-S... |
| | » NY » Home buying | 02/10/2011 | | | | Minnesota allows for both judicial or in court and non judicial or out of court foreclosures. As wit... |
| | » MN » Foreclosure | 05/02/2008 | | | | 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 | | | | Nevada allows both judicial in court or non judicial out of court foreclosures. As with all states i... |
| | » NV » Foreclosure | 05/02/2008 | | | | Both judicial, or in-court and non-judicial, out of court, foreclosure processes are followed in Okl... |
| | » OK » Foreclosure | 05/02/2008 | | | | » 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
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