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.
The earnest money is held in escrow by independent third party, usually a title company, which is our next topic. Tip: Once you sign the contract, make sure to have the inspection, survey, and appraisal performed quickly, or you can lose your earnest money. Those items are explained on the pages that follow.