If you ask the Buyer or Seller in most real estate transactions to define an Earnest Money Deposit (EMD), they will likely describe it as a down payment put toward the purchase of a property. While an EMD may eventually be applied to the purchase price of a home, its true purpose is something entirely different. In short, an EMD shows the Seller tha...

• calendar_month May 7, 2020
• category Legal Corner
• post 3051 Saint Albans Dr Rossmoor, contingency, deposit, EMD, loan contingency, purchase agreement

        As the COVID-19 crisis began in California, concern grew among lawmakers of potential widespread evictions due to the potential economic ramifications created by the virus. State and local governments were directing individuals to stay at home and encouraged social distancing.  These state and local directives would necessarily impact businesses ...

• calendar_month May 8, 2020
• category Industry
• post California Evictions, coronavirus, COVID-19, Eviction, Landlord, Pandemic, Tenants