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 Lisa and her husband Michael raised their son in Deep Creek with the clean mountain air & outdoor sports. Like no other place on earth, the clean environment is so easily accessible from Wa. DC, No. Va, MD, Pa, Ohio, etc. When our son, his cousins & other family members bring friends home to share the lake life, it strengthens Lisa's convictions that if she can be a part of any family's transition to being a Deep Creek Lake property owner, then she too has shared the unique quality of life that Garrett County offers. This is where memories are made ! Lisa is very much a part of Deep Creek Lake, being a Realtor here since 1986. She specializes in Lakefront, Lakeview, Ski-Slope properties, Lake Access, New construction and is also proficient with 1031-K Tax deferred exchanges. With Lisa Goodfellow you will always receive 110% of her quality and commitment to helping her customers receive only the very best service when purchasing property at Deep Creek. 
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Making An Offer >Keeping Your Earnest Money Safe
When you make an offer on a house, it is accompanied by an earnest money check. Earnest money is intended to demonstrate that you are "in earnest" about purchasing the property. The earnest money check is made out to the listing company. What happens to this check?
The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent.
If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask your real estate agent for advice.
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Who is "Fannie Mae" and why is she a big name in real estate?
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"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
 See More Real Estate Trivia > |
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Lisa Goodfellow
Goodfellow Real Estate Services, LLC
19567 Garrett Highway
Deep Creek Lake
Oakland, MD 21550
Cell: 301-616-5472
Office: 301-387-5472
Fax: 301-387-3379
Lisa@GoodfellowDCL.com
Specializing in Deep Creek Lake, Maryland since 1986! The pursuit of the vacation home, future retirement or rental investment is a wonderful opportunity. Specializing in helping you find your Deep Creek Lake property with over 22 years of experience in the Second Home Market, I FOCUS on client and customer service.    
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