2007-07-09 13:36:51 · 5 answers · asked by pdquik535 1 in Business & Finance ➔ Renting & Real Estate
Send an email with more information and I'll be glad to help.
MBA-Boston Univ.
CPA-retired
I sold real estate working my way through college.
GOD bless us always.
2007-07-09 14:56:59 · answer #1 · answered by May I help You? 6 · 0⤊ 0⤋
An Earnest payment (sometimes called Earnest money or simply Earnest, or alternatively a Good-faith deposit) is a deposit towards the purchase of real estate made by a buyer to demonstrate that he/she is serious (earnest) about wanting to complete the purchase.
2007-07-09 20:44:45 · answer #2 · answered by Pinoyako! 2 · 0⤊ 0⤋
They can't do that earnest money is for buying a home not keeping one. You have a mortgage they can't change the terms.
2007-07-09 20:40:30 · answer #3 · answered by shipwreck 7 · 0⤊ 1⤋
Need more info. Are you in foreclosure and now they want reserves if you want to remain? If so pay them. If you are current on all payments they can not change the terms.
2007-07-09 21:21:45 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋
Are you in foreclosure? Maybe they just want some of the back payments so you can "keep" your house.
It is hard to answer these questions with no background or details.
2007-07-09 20:49:10 · answer #5 · answered by luckyone_27105 3 · 1⤊ 0⤋