Tag: Earnest Money

2020 July 24

The Close of Escrow: Process & Fees to Expect

the-escrow-closing-process-timeline-and-fees

When people exchange hundreds of thousands of dollars in real estate transactions, there are bound to be some fears about the whole process. For instance, how can you be sure the buyer has enough money to buy your home? You can’t always take someone’s word for it. That’s why the escrow closing process is an

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2020 July 6

Earnest Money vs. Down Payment: What’s the Difference?

The movement of money is undoubtedly the most constant element of any house buying or selling process. Earnest money and down payments are two major components of facilitating the close of properties, but they can often get confused. In this article, we are taking a look at some of the key similarities and differences between

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2020 March 17

Escrow Accounts for Mortgage: Here’s What You Need To Know

what-is-mortgage-escrow-everything-you-need-to-know

The house selling and buying process is home to a lot of sensitive elements. Documents, money, and time are all affected by how well the process is organized to get the sale done. Luckily, escrow accounts are here for you to complete transactions with a peace of mind for all parties. But escrows have a

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2020 February 19

How to Get Earnest Money Back: What Buyers Should Know

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Looking for and buying a home doesn’t always go smoothly. Problems can arise at any stage of the home buying process which can derail the plans you had to buy a home. Whether something went wrong in the process or you changed your mind, you may be wondering how you can pull out from the

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2019 December 16

What Happens to Earnest Money in the Escrow Process?

what-happens-to-earnest-money-during-the-escrow-process-new-venture-escrow

One of the basic components of escrow is Earnest Money. You may have heard this term in regard to “the initial deposit” or “opening the account,” but what does it all mean? Today we will look into the meaning behind earnest money and explore why it is needed in the escrow process. What is Earnest

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