Tag Archives: EMD

Earnest Money Deposit, or “Good Faith Deposit”

Earnest Money Deposit, or “Good Faith Deposit”

In today’s tight real estate market, if you’re looking to purchase a home, you will most likely have to make  an Earnest Money Deposit (EMD), also known as a “good faith deposit.” You are not required by law to make a good faith deposit, especially if you are using no-money down Virginia financing, but if you want to show the seller that you are really serious about buying, it’s highly recommended.  Continue reading

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