Why canât information be deleted from the credit report? Experian stores information from credit grantors and public records in compliance with the Fair Credit Reporting Act. When you use credit, a record of your payment history is reported to credit reporting agencies.
(Updated March 4, 2016) No. Earnest money is not necessary to make an otherwise accepted offer into a valid contract. Earnest money is a buyer-performance item required to be deposited after a contract is fully executed. A contract could become effective even if no earnest money is required in the agreement.
You contact an investor who rehabs houses in the area, offer to sell him the house for $3,000 more than your contract amount. When he agrees, you fill out a one-page Assignment of Contract form and get $500 in earnest money.ou find a house that is run down and vacant; there's no for sale sign in the yard. Through persistence and a little detective work, you locate the owner and negotiate a risk-free contract to buy the property at 50% below the after repaired value with a very low earnest money deposit ($10).