Banks Earnest money deposit Pre-qualification Short sale 
HomeLight
JULY 31, 2020
For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Image Source: (Shutterstock.com/Chokniti Khongchum).
The Close
DECEMBER 29, 2022
This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Earnest money deposit. Also known as a “good faith deposit,” it’s the amount of money a buyer puts in escrow to show their commitment to purchase a property. Generally, this refers to earnest money funds.
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