"FSBO" or "buying foreclosures"
"Chicago, IL" or "Florida"
Views: 7405
Earnest Money
Money deposited by a potential buyer to show that he or she is serious about purchasing the home. Depending on the agreement, it becomes part of the down payment if the offer is accepted, may be returned if the offer is rejected, or may be forfeited if the buyer pulls out of the deal.
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