Fanny Mae Deed Restriction

[Allende Hernandez]

Hello folks,

I am closing on a Fanny Mae property this week and I understand that they normally come with a deed restriction to prevent selling it for more than 120% of the purchase price in less than 90 days.

I just received the closing documents from the title company and can't find such a restriction anywhere. In what specific document should I be looking? Is it possible they just didn't put it in?

Thank you in advance!

[Ryan Peterson]

@Allende Hernandez

Hi Allende, the restriction still exists whether it's on the Deed or not.  It's usually shown right below the legal description and considerations on the Deed.  It's very possible they just forgot to add it.  You can just mention to them that you don't see it on the Deed.  Even if you don't see it on the Deed, you need to follow the restrictions in the addendum(s) of the Fannie Mae contract.