Resale deed restrictions

[Mark Yuschak]

I'm closing on a Fannie property in a week or so. I was originally planning on keeping the home as a rental, but rentals really have me fed up. It's still too good of a deal to pass up, so I'm still going to close it. But instead of keeping it as a rental, I'll do some minor repairs and resell it on a land contract for cash flow.

Is a land contract exempt from the resale deed restriction of 20% or more in the first 90 days? Technically the property won't transfer ownership until the land contract is satisfied. How does a title company view this?