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.
Because the inspection found important issues not originally disclosed, your contract should allow you to cancel and still get an earnest money refund. Getting your money back can also happen when an appraisal comes in lower than the sales price. Take a sales contract with a $300,000 sales price.