If you ask the Buyer or Seller in most real estate transactions to define an Earnest Money Deposit (EMD), they will likely describe it as a down payment put toward the purchase of a property. While an EMD may eventually be applied to the purchase price of a home, its true purpose is something entirely different. In short, an EMD shows the Seller tha...

• calendar_month May 7, 2020
• category Legal Corner
• post 3051 Saint Albans Dr Rossmoor, contingency, deposit, EMD, loan contingency, purchase agreement

Before COVID-19 hit, most people couldn’t tell you the definition of a force majeure clause. Simply put, a force majeure clause excuses a party from performing under a contract, if their performance becomes implausible or impractical, because of some unforeseen or unanticipated event. These uncontrollable events are also known as “Acts of God”. Parties often place force...

• calendar_month June 3, 2020
• category Legal Corner
• post California Law, coronavirus, COVID-19, Force Majeure Clause