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NOTICE B AUTHORIZATION to RELEASE EARNEST MONEY  Form

NOTICE B AUTHORIZATION to RELEASE EARNEST MONEY Form

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Video instructions and help with filling out and completing NOTICE B AUTHORIZATION TO RELEASE EARNEST MONEY Form

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Instructions and help about demand letter texas

okay we're clapping we're waking you guys up we're gonna do a little bit of home buyer 101. what is EMD also known as an earnest money deposit this is something that people are constantly caught off guard by So today we're going to talk about what it is and what some of the misconceptions are and how it works okay so first of all what is an earnest money deposit it's basically a sign of good faith so let's say that I want to buy Bob's house and Bob's going to sell his house for five hundred thousand dollars my real estate agent's gonna say hey Jen you know how much do you want to put down as EMD okay or they're gonna say Jen I need three percent for EMD or one percent or two percent that's the first thing you guys need to know there is no legal requirement for how much earnest money deposit you need to do there's no requirement guys you know and sometimes an agent will say well you have to d

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