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What else can I help you with?
What happens if you forfeit on your contract for deed?
Depending on the terms of the contract you may forfeit your deposit. You need to review the terms of the contract you signed. If you don't understand it then you should consult with an attorney who can explain its terms after the fact.
What does it mean forfeit your security deposit?
It means to love someone
Can you explain what an earnest money deposit is in real estate transactions?
An earnest money deposit is a sum of money that a buyer puts down to show their serious intention to purchase a property. It is held in escrow until the sale is finalized, at which point it is typically applied towards the purchase price. If the buyer backs out of the deal without a valid reason, they may forfeit the earnest money deposit to the seller.
If you put a deposit on a car can you change your mind Can You forfeit the deposit and get out of the deal?
if someone puts a deposit on a car after a 2 weeks period they change there mind do have to give them there deposit back
What are the financial repercussions for breaching the contract for the purchase of a home?
You would forfeit your deposit. In other words, the seller gets to keep your deposit.
What happens to the direct deposit of my payroll if my house is foreclosed?
Nothing happens. You still get the money in your account. They just want the house, not your money.
What happens if a large deposit is made in a bank?
The bank would deposit a portion of the money with the central bank and then think of ways to lend this money and earn an income out of it.
What happens if you put fake money in an ATM?
If you try to deposit fake money in an ATM, the machine will likely detect it as counterfeit and reject the deposit. Additionally, attempting to deposit fake money is illegal and can result in serious consequences, such as legal action and criminal charges.
What is an example of forfeit?
An example of forfeit is when you give up your day off to make more money. When they were expelled, they had to forfeit their degrees, with grave implications for their professional futures.
Is CD investment risky?
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
How do you get out of a signed contract to buy a house?
You can get out of the contract, but you will forfeit your deposit. If you are in the midst of construction, that may be a different matter.
Can an 18 year old withdraw from his certificate of deposit?
Yes, although you'll often forfeit part of the interest earnings if you don't wait for the certificate of deposit to mature.
