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 contingency, deposit, EMD, loan contingency, purchase agreement