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Tag: EMD

What is an Earnest Money Deposit?

What is an Earnest Money Deposit?

Industry, Legal Corner, Tips March 11, 2020March 11, 2020 JohnHart Real Estate 0 Comments

If you ask the Buyer or Seller in most real estate transactions to define an Earnest Money Deposit (EMD), they will likely describe it as a down payment put toward the purchase of a property. While an EMD may eventually be applied to the purchase price of a home, its true purpose is something entirely different. In short, an EMD shows […]

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