Real Estate glossary
What is EARNEST MONEY?
EARNEST MONEY — 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.
Real Estate glossary
EARNEST MONEY — 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.