REO question! What does this Mean??!

[John S]

HI,

The following is on the REO listing sheet, what does it mean?? Does it mean that I can't wholesale it? This is from NJ.

"The Grantee(s)/purchaser(s), of Property may not re-sell, record additional conveyance document, or otherwise transfer title to Property w/in 60 days following the Grantor's execution of this Deed."

If I do a double close, does it mean that I can't record the title for 60 days? or my new buyer can't record the deed for 60 days? Do I have to wait til I record the deed before I can do the second close with my buyer?

Thanks!