gifted deposit - Fixanswer - Get your knowledge fix!

Is It Legal To Borrow Money From A Friend?

January 24, 2024 by Ahmed Ali

Is It Legal To Borrow Money From A Friend? Yes, it is. It’s legal to lend money, and when you do, the debt becomes the borrower’s legal obligation to repay. You can take legal action against your borrower in the case of a default in small claims court. … A loan between loved ones has

Does Fannie Mae Require Earnest Money To Be Verified?

January 24, 2024 by Ahmed Ali

Does Fannie Mae Require Earnest Money To Be Verified? Does Fannie Mae require earnest money to be verified? Receipt of the deposit must be verified by either a copy of the borrower’s canceled check or a written statement from the holder of the deposit. What is proof of EMD? When an earnest money deposit (EMD)