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.
In fact, the buyer WAS in default at that time and the seller could have claimed the earnest money IF the seller had terminated the contract after 1/31/12. Instead, the parties agreed to extend the contract, thereby wiping out buyerâs default as of the date of the extension.