100% as Earnest Money Deposit

[Robert B.]

Hi,

I just put a cash offer on a foreclosure that was listed last night. It's a good deal and I'm first in line. However, the seller countered my offer demanding 100% earnest money deposit.

Is that normal...?

Thanks,

Robert

[Richard C.]

I have heard of buyers doing it (seems like a really good way to get the seller's attention) but never of a seller demanding it.