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E is for Earnest Money -- Colorado Real Estate Dictionary
E is for Earnest Money -- Real Estate Dictionary 
Colorado Real Estate  Terms -- Use this glossary to make yourself more prepared
Why do I need to put down Earnest Money when I'm making an offer on a house?   In Colorado, Earnest Money is partially used to show your intention to purchase the property; it is consideration for the contract.   You don't have to put down Earnest Money, as you can also sign some type of promissory note.
I read in the paper that some land was going to be taken by Eminent Domain by the state for a highway, what does this mean?   Eminent Domain is the right of the government to take private property for public use; with just compensation to the owner.
My Realtor said that I should get a survey on the house I'm buying, as the neighbor's tall stucco fence may be encroaching on my land.  What is an encroachment?  Encroachments are classified as unauthorized invasion or intrusion of real property onto another's property.  They often incur as the result of poor planning; vs. deliberate intent.
I just got turned down for a loan.  Doesn't the bank have to give me a reason?  Yes, according to ... more

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