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Developers Go After Earnest Money

In a heated market developers are only too happy to let buyers out of their contract so that they can raise the price. Now a couple of developers (John Ross and Civic) have decided that they are going …

Earnest Money in Oregon

The Department of Treasury defines earnest money as: a sum of money given to bind an agreement, such as the sale of real estate, the advance of a loan or some other transaction requiring a deposit. Earnest money …

Earnest Money

In Oregon, the official offer to purchase real estate is called the Earnest Money Agreement (EMA). It is the buyer’s offer to purchase the seller’s property. The seven page contract outlines the terms of the sale and most …