What is your state's minimum earnest money deposit?

[Jesse Ramirez]

If anybody has access to a link or list of the minimum earnest money depsosit required by each state please post it here. If not lets just get a list going of state by state requirements. What does your state require?

Texas requires a $500 minimum.

[Will Barnard]

Jesse,
There is no TX state policy that stipulates a buyer MUST place a $500 or more EMD. I have had over 30 TX transactions just in the last 2 years and in many cases, had a lower EMD than $500.

Now, speaking in REO terms, that is a bank stipulation (perhaps) and my advice for making offers on REO's is to ALWAYS offer large EMD's, quick closings, and only one or two contingencies. This way,. you stand a better chance of getting a better price and getting your offer accepted.