liquidate damages

Real Estate Typos: What Do You Call the Check That Goes With the Purchase Agreement?

“Earnest Money” vs. “Ernest Money” If your first name is Ernest and you were buying a house, I suppose the check you wrote to go with the Purchase Agreement could be called “Ernest money.” However, for everyone else, the proper term is “earnest money.”  🙂 Definition For those not familiar with earnest money, think of...
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