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 ...
The Supreme Court today (Feb. 3) clarified that forfeiting a reasonable earnest money deposit in a contract does not constitute a penalty under Section 74 of the Contract Act, 1872. “It can ...
In 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.
People in the market for a home quickly learn the costs involved when purchasing a home can far exceed the agreed-upon price.
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