Tuesday. What does “escrow” and “earnest money” really mean when buying a home? 🏡 When you make an offer on a home, you’ll usually submit an earnest money deposit. This is your “good faith” money that shows the seller you’re serious about buying. It’s not an extra fee — it goes toward your closing costs or down payment at closing. That money is held in escrow, which is a neutral third-party account (usually handled by a title company or attorney). Escrow protects both the buyer and the seller b
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