21 – What is earnest money?

This is a payment made to the seller by the buyer to signify that they are fully intended to close on the property. If the buyer doesn’t close, the seller gets to keep the money for the time and effort already done.

It shows good faith basically.



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Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,

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