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Updated 13 days ago on . Most recent reply

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Collin Hays
#4 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
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Question for residential real estate professionals about prohibited buyers

Collin Hays
#4 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

A house next door to my principal residence is for sale. However, there is a disclaimer in the listing that says "no XYZ Bank (a large local bank here) employee or family of an employee is allowed to purchase this property."

Why would that prohibition be in the listing?


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SMOKY MOUNTAIN FALLS INC.

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied
Quote from @Collin Hays:

A house next door to my principal residence is for sale. However, there is a disclaimer in the listing that says "no XYZ Bank (a large local bank here) employee or family of an employee is allowed to purchase this property."

Why would that prohibition be in the listing?



 It's a foreclosure owned by that bank

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District Invest Group
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