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.
Contract Details. Every home purchase contract, sometimes called an â earnest money agreement â or â residential offer â, should include: 1  Purchase price youâre offering. 2  Amount of down payment (sometimes called âearnest moneyâ or âdepositâ).