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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

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. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Short sale.

Purchase and sale agreement 98
Purchase and sale agreement Title Proof of funds Pre-approval 98
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