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 can choose to back out of the contract and get your earnest money deposit back, negotiate with the seller to lower the price to the appraised amount, or choose to pay cash to make up the ...

A well-presented Letter of Intent can set the tone for ... that you are knowledgeable about market conditions. A deposit, or earnest money, is a sum of money that you commit upfront to show ...