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Jeff Scholen
  • Flipper/Rehabber
  • Alpharetta, GA
2
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20
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Bank 90 day restriction on resale

Jeff Scholen
  • Flipper/Rehabber
  • Alpharetta, GA
Posted
The bank placed a clause in the warranty deed that restricts the resale of the home we purchased for 90 days above a certain amount. Anyone know why they would do this? This was a short sale.

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1,151
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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,147
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1,151
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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Replied

Just another ridiculous regulation trying to keep the small guy from succeeding.  Sorry, I hate regulations that hinder the small business owners and individual investors.  Quit telling us how to run our businesses.

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