Title: Earnest Money Deposit (EMD) Receipt
An earnest money deposit (EMD) receipt letter is a document that is issued by the title company or escrow agent to the buyer and seller of a property. The letter confirms that the buyer has made an EMD to the seller as a sign of good faith and that the funds have been deposited into a trust account. The EMD is typically refundable if the buyer is unable to close on the property for certain reasons, such as if the buyer's financing falls through. However, the EMD may be forfeited if the buyer cancels the contract for any other reason.
Context: Identifying the document.
Title/escrow logo
Deposit receipt verbiage
Key takeaways: Important information.
Subject property address
Deposit amount
Title representative signature