Getting ready to shop for a home? An important part of the home buying process is making an earnest money deposit, or “EMD.” Also known as a “good faith deposit,” earnest money is a lump ...
You'll keep an earnest money deposit toward your down payment in an escrow account until you close. You'll likely also have an escrow account when you own the home to pay your taxes and insurance.
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City’s lawsuit seeks return of $25,000 earnest moneyIn the complaint filed June 25 by City Attorney Marc Sebora, the city is seeking the return of $25,000 in earnest money paid to Hazel Sitz and the estate of her deceased husband, Donald.
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