Origin of the name Payton: Transferred use of the English surname, which is from the place-name Payton in Devon. The name is thought to be derived from the obsolete Anglo-Saxon personal name Paegan pÃ¦gan and The Old english (tÅ«n, town, settlement). Village From A world Of Baby names By Teresa. normanransferred use of the English surname, which is from the place-name Payton in Devon. The name is thought to be derived from the obsolete Anglo-Saxon personal name Paegan pÃ¦gan and The Old english (tÅ«n, town, settlement). Village From A world Of Baby names By Teresa. norman
The meaning of earnest money is in the name â itâs a deposit of good faith on a home loan from buyer to seller. An earnest money deposit will set your offer apart from other applicants, and itâs generally an accepted part of the VA loan process.
In some jurisdictions, the required earnest money deposit amount is specified in the sale notice either as a percentage or a fixed amount. If you are the winning bidder, you must pay the deposit in the form of good funds such as a cashier's check immediately after the auction. This amount will be forfeited if you fail to close.