The Money Nest Podcast Finally, A Podcast for Everyone Nowadays there are far too many people running into financial hardship, filing for bankruptcy, not handling cash properly, have no idea how to financially run a business and the list grows on. This is where the “The Money Nest” helps to fill those gaps. Who taught you how to handle money?
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The earnest money is usually paid within a couple of days of the contract being signed by all parties. Most sellers will accept personal checks for the earnest money, but some may require certified funds.When is earnest money refundable?
Earnest Money Refund. Such agreements usually state that, in the event the buyer fails to obtain financing by that date, he is entitled to a refund of his earnest money deposit. Refundable earnest money may be reduced by the amount of third-party fees, such as the cost of an appraisal or inspection.Does earnest money go towards down payment or closing costs?
In addition, if the earnest money deposit is larger than the required down payment, then any excess amount can be applied towards the buyer's closing costs. If there is any money left over after the earnest money is used for the down payment and the closing costs, then the buyer will receive a refund at the closing.When can seller keep earnest money?
A seller can not keep the buyer's earnest money if they fail to get final financing approval. The only way a seller can keep this money is if there is a contingency in the signed offer that states the money would not be returned for any reason including failure to get approved financing.
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|Title||UK Personal Finance Blog Focused on 20-30yr Olds | Money Nest||Tips|
|Description||We're a UK personal finance blog helping 20-30yr olds make, save and grow their money. Interested? Take a look inside...||Tips|
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