Earnest

Earnest Money - EMD - Deposit - whichever term is used in your locale it is extremely important to know what it is, what it is used for and what the appropriate amount is.  I will use real life to demonstrate the importance of educating other professionals, buyers and sellers the necessity Earnest Money. I have a buyer couple from out of state.  They are the nicest, most hard-workin

Odd to be thinking this, never mind writing it, so soon after the previous season ended in South America (and delayed congratulations, by the way, to forwards Damián Mansó and Claudio Bieler, and manager Edgardo Bauza for ensuring some Argentine glory in the Copa Libertadores as Liga de Quito beat Fluminense on penalties last week), but [...]

Earnest money deposits serve two purposes. First, they show the Seller that you are serious about buying the business. Secondly, in the event that you as the Buyer default on the purchase agreement after due diligence and other contingencies have been removed, the earnest money deposit typically serves as liquidated damages to the seller.

A purchase agreement for buying a home involves more terms that just the price.  There is personal property to discuss, possession, rent, tests, inspections, closing dates, and more.  One term that throws some buyers, especially first time buyers, for loops is the earnest money deposit.  What is it?  Why do I need it?  Do I [...]

I always had a problem saying a straight face-to-face 'no' when people asked me to do a favor. When I did say 'no', I always felt guilty for not helping someone, not satisfying their wishes. I guess, I was worried that they will stop liking me if I don't please them. Taken to an extreme, this 'do not disappoint' tendency extended even to people that I barely knew. For example, if a man started tal

I have this grotesquely ugly friend who, for some reason, finds himself totally hot (which makes him like…a lot of other people I know). Don’t ask me why. He’s the kind of dude who is baffled why he can’t seem to make it with women, and he thinks that a mere glance his way from [...]

If you are planning on purchasing a home there are expenses that you need to know about in the beginning.  Expenses you can expect to pay depending on your specific transaction can range from hundreds to thousands of dollars.  You can choose not to pay for a home inspection or radon test.  However, it is rare [...]

It's a good question. In this article, Jonathan Yardley admits, "As a teenager, even into my early 20s, there wasn't a writer dead or alive whose work I treasured more than John Steinbeck's."Steinbeck's The Grapes of Wrath was my first "grown up" novel. I followed it up with East of Eden... and then swallowed everything of his whole. I reread Steinbeck in my mid-twenties and thought that, yes, he

"Citi released some guideline changes in the wholesale changes that can be described easily as the first big step towards killing stated income loans. I’m not sure if these are reflected on the retail side as well. The big changes? 75% max loan-to-value on rate and term refinances with a minimum FICO score of 720. That guideline change essentially narrows the universe of qualified borrowers to a thin sliver of the home-owning population these days."

National Jean Company and Earnest Sewn Team up for Make an Earnest Difference: A Fashion Show and Denim Drive Benefiting COTTON. FROM BLUE TO GREEN.™ Janna Meyrowitz, CEO of Stylehouse PR explains: We are really excited to be partnering with Earnest Sewn and Cotton Inc. for this event on behalf of National Jean Company. Style House PR has [...]

Dear chums,I lied when I said I would only post something earnest and from the heart once a year. I feel a pressing need to follow up that first earnest post with this post. Because once you start getting real and being open, it seems you can't stop. A dam bursts and the naked, wincing, vulnerable real me must out.I've always resisted what people have told me. I've always resisted the truth: I am negative person. And negativity —despite what I have said in praise of it—is not a positive thing. (That is why it is called "negativity" and not "positivity"!) But I'm willing to set all that aside for now and give the other side a chance. I'm not totally making a commitment to positivity. And I am not totally saying "Cheers, negativity! Thanks and goodbye and have a bad life without me!" Bu

I've been blogging about a year now. Mostly making fun of motherhood, Mormons, cowboys, and incorporating top tips on parenting for your edification such as the Slap 'Em to Sleep™ strategy. Between this blog and my bloglet, I get my share of feedback from readers and hey, not all of it is positive.Which is really a shocker.I mean, who could dislike me? I post pictures of my beautiful child every day; I speak about the joys of being mom to a gifted child; and I wax lyrical about the great blessings that have been bestowed upon me and mine. I post about celebrity births and wish "J.Lo and Mark all the best" and I thank the Christian God out there for making me and mine more special and privileged and basically better than you and yours! In short, I am a blogger likely to top the mom-blog t

Welcome Back to Guest Contributor: Steven Kitnick Earnest money is the deposit paid by a prospective Buyer as evidence of their "good-faith" intentions to complete the real estate transaction. The Buyer is promising to be diligent in their efforts to...

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I scan the U.S media with a smile on my face. Candidacy politics have turned very, very personal lately with the big media corps taking hits on the candidates. Depending on which news service you plug into the results vary wildly, with the usual bias and predictability. Obama was caught in Fox New’s crossfire, I noticed [...]

Earnest money deposit tip:Although there is no set amount that you should put down on earnest deposit, you should think carefully about the amount you put down and understand what it means and what happens to that money if the contract is not followed by you.The usual amount varies between 1to 3% of the sales price.  Keep in mind the 3% is usually the maximum due to the California liquidated damages clause in the CAR forms.I usually get a copy of the deposit check (works with Short Sale and REO purchases) and put it with the offer.  I tell my buyers to make the check out to the title company that they want the escrow to be handled at.  The title company is usually one that I often work with - unless it is a REO property where the bank has stated who the title

Many first time home buyers are confused about what earnest money is and why they should offer it when they attempt to purchase a home. Earnest money is a deposit given from the buyer to the seller, as ‘evidence of good faith’ in purchasing real estate. This shows the buyer’s commitment to [...]

You’ve heard the term “good faith deposit” or “earnest money deposit” but what does it mean exactly?  Who keeps it?  What’s the purpose?  Why does it matter?  How much should it be?  Let’s see if I can address all of these issues, bringing clarity to the importance of understanding the earnest money deposit. What is it? Here [...]

Something to think on.Normally I wouldn't discuss politics, but I don't believe this topic to be political. Rather, I think it to be an important moral stand that we as Canadians need to make. When, due to international and corporate pressures, we start chipping away at our rights and our sovereignty, we degrade our culture and ourselves. Let us not move backwards, toward draconian, ignorant legislation. Instead, let us move forwards, acting as a much needed beacon.Tomorrow, back to my musings.

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.We have identified eight steps to buying a home. These are:1. Decide to buy a home.2. Find a great real estate consultant.3. Secure financing4. Find your dream home.5. Make a written offer and negotiate the price.6. Open an escrow account. (Earnest Money)7. Have a home inspection.8. Sign the final documents, get the key, and move into your new home.Step 6, Submit Earnest Money a.k.a. Open an escrow account. After an agreed upon sales amount has been found, you will submit earnest money, or open as escrow account. Your real estate agent will be the go between for you on this.The purpose of this amount of money is intent, or proof, that you really do intend on purchasing the home. It is not a down payment. You down payment

First time home buyers  ask what earnest money is.  Money that accompanies the purchase agreement to show that the buyer is serious about buying the property, sometimes called a deposit.   These funds are not in addition to the purchase price, they end up being put toward the purchase. Buyers can lose their earnest money by backing out of the deal after the purchase agreement has been accepted by both parties.  Lately I have been running into some problems with earnest money.  We received earnest money from a buyer of one of my listings and the check bounced.  Even though the money is not spent until the closing state law says that they have to go into a real estate brokers trust account with in three business days.   I am also noticing that earnest money checks are getting smaller all the time.  $500.00? you have got to be kidding, how serious are you about purchasing this home?   I like to see a check for 1% of the purcha

First off, congratulations are in order for Lulu who provided last weeks suggestion. I chose to go in a slightly different direction, but she did get a link in my blogroll and I added a dollar to the Kiva Pot in her name. I’ve got a few goodies and niblets for everyone this morning. BlogRush was released this week. It’s designed as a traffic sharing widget so that you can see what people on other similar blogs are writing about. I have used pfblog.org for this in the past in my sidebar as they usually have some excellent authors that post to it. I’m trying out both for now, if anyone has a preference of which of the two look better let me know. My Fiancee is going to begin her own financial blog as well. We’ll be telling similar stories, only focusing on different areas of finance. I’ll post the address shortly, so stay tuned on that one! It has been brought to my attention that Monopoly has released an Electronic version in the States. What can be electro

Recently I was lucky enough to lay my hands upon Oscar Wilde's play 'The Importance of Being Earnest'. I had earlier read this play, I don't know how many years ago. But any way it was a real funny experience. All of us need to have such breaks while reading serious literature.This play was very famous in America also. The play 'The Importance of Being Earnest' is sheer comedy, at moments it is just hilarious. There is a touch of realism too. The conversation that takes place is so natural and spontaneous. It is so close to real life that it could have happened anywhere. The incident - when Gwendolen and Cecily decide to remain quiet when Jack and Algernon come but are first ones to break the silence with their questions put forward the moment the latter two enter - is not only comic but also shows the universal human nature of reacting overenthusiastically, of uncontrollable inquisitiveness.There is a use on irony also to create humour. The word 'earnest' as in the title 'The

Recently I was lucky enough to lay my hands upon Oscar Wilde's play 'The Importance of Being Earnest'. I had earlier read this play, I don't know how many years ago. But any way it was a real funny experience. All of us need to have such breaks while reading serious literature.This play was very famous in America also. The play 'The Importance of Being Earnest' is sheer comedy, at moments it is just hilarious. There is a touch of realism too. The conversation that takes place is so natural and spontaneous. It is so close to real life that it could have happened anywhere. The incident - when Gwendolen and Cecily decide to remain quiet when Jack and Algernon come but are first ones to break the silence with their questions put forward the moment the latter two enter - is not only comic but also shows the universal human nature of reacting overenthusiastically, of uncontrollable inquisitiveness.There is a use on irony also to create humour. The word 'earnest' as in the title 'The

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I am making my normal Saturday night update a day early this week for a reason; today is the 200th birthday of Robert E. Lee and I wanted to talk about a quote he made. Robert E. Lee said, "My chief concern is to try and be an humble, earnest Christian" I think that is something we all should be striving for. Humble is defined as "Marked by meekness or modesty in behavior, attitude, or spirit; not arrogant or prideful; Low in rank, quality, or station" In Mark 7 we are told that pride is one of the qualities that come from within a man that defiles him: For from within, out of the heart of men, proceed evil thoughts, adulteries, fornications, murders, Thefts, covetousness, wickedness, deceit, lasciviousness, an evil eye, blasphemy, pride, foolishness (Mark 7:21-22). Is humble not what our Savior was? Paul wrote to he church at Philippi "But made himself of no reputation, and took upon him the form of a servant, and was made in the likeness of men" (Philippians 2:7)). Our

Earnest James Ujaama plead guilty in Seattle federal court to conspiring to provide goods and services to the Taliban in Afghanistan. As part of the plea agreement, federal prosecutors dropped charges alleging that Ujaama had plotted to establish a terrorist training camp in Bly, Oregon. In return, Ujaama was sentenced to 24 months in prison. [Terrorism 2002-2005 (#page_9a)]

When I was growing up, my father constantly reminded us that his customers put food on our table-- both literally and figuratively (he had a weakness for Mercedes). The man who was THE alpha in my life was no such thing in front of his customers. He was polite, attentive, deferential and charming. At the tender age of 48, I think I've mastered attentive. But I learned the general lesson well. I never forget that you, dear readers, don't have to spend your time or talents here. I work hard every day to earn your patronage. I never take it for granted, or assume I know better than you-- about anything. I fully consider all your criticisms and do my level best to fix bugs as and when they're brought to my attention. I'm never too busy to answer your emails. OK, I am. But I do