Earnest Money at Real Estate Glossary

What is it? Money deposited by a buyer under the terms of a contract, to be forfeited if the buyer defaults but applied to the purchase price if the sale is closed. The cash deposit (including initial and additional deposits) paid by the prospective buyer of real pro

Real Estate Definition Added By: Hannah

Send To Friends!

If you'd like to send the Earnest Money definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Earnest Money. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Probate sale is A real estate sale triggered by the death of the owner, with proceeds to be divided among heirs or creditors.

Real Estate Term IRS Tax Lien is A federal tax lien, or Internal Revenue Service (IRS) tax lien, results from a persons failure to pay any portion of federal taxes, such as income and withholding taxes. A federal tax lien is a general, statutory, involuntary lien on all real and persona

Real Estate Term Uniform Residential Loan Application is A loan application form required by Freddie Mac and Fannie Mae.

Real Estate Term Capping is The process at of laying two to four feet of soil over the top of a landfill site and then planting vegetation to prevent erosion and enhance the landfills aesthetic value. (See landfill)

Real Estate Term Caravan is A group of real estate agents who tour a house that has been recently listed for sale.