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The meaning of earnest money is in the name, it is a deposit of good faith on a home loan from buyer to seller. earnest money deposits will often set your offer apart from other applicants. Earnest money is different from a down payment and often a lot less.
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Sweet, sweet justice: Florida homeowners foreclose on Bank of America – We Interrupt Back in the day, kids would save their money for months, or even years, to buy a new piece of technology. These days, it’s as easy as losing a spare kidney. Little Zheng, a 17-year-old Chinese boy, managed to trade one of his kidneys for an iPad 2 and a laptop computer. Things only got weird when his mother didn’t realize what had happened – that is, until she saw his new toys and his.