Earnest Money Deposit Agreement Template

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Depositing earnest money is an important part of the home-buying process. When bidder pays an EMD, you can manage their payment status in the EMD payment overview for the RFx document. An earnest money or good faith deposit shows a house seller that you are serious about your purchase.

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The earnest money deposit receipt is given to a buyer of real estate after entering into a purchase agreement with a seller.

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In many ways, earnest money can be considered a deposit on a home. You shall release the earnest money to the Buyer if you receive written evidence The Earnest Money Deposit paid by Buyer shall be deposited by Escrow Agent in an interest bearing account at First Union National Bank, and shall be held and disbursed by Escrow Agent as specifically provided in this Agreement. It is a document ideal for an agreement between people who do not have contact with one another on a regular basis.