The development has a "declaration of rights, restrictions, easements, affirmative obligations, management agreement, and conditions" which seems to be intended to maintain the multifamily residential usage and branding for the complex.

Often they get refer to as HUD or FHA Commercial loans for MF.A bank who lends with intent to sell back up into one of any of the larger market investors has what are referred to as "overlays", that is, guidelines that go over the top, usually in a more restrictive manner, to those guidelines set forth to sell the loan into the large market investor.

They also mentioned some affidavit that has to be filled out at closing which prevents the buyer (flippers) from wholesaling these properties.Has anyone ever heard of such restrictions?

By requiring the SEC to remove this general solicitation restriction, Congress sought to make it easier for companies to find investors and thereby raise capital.While issuers will be able to widely solicit and advertise for potential investors, the JOBS Act required the SEC to adopt rules that "require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using such methods as determined by the Commission."

Not sure how this can move forward after the law change coming up in January that restricts balloons.

Most REO's are restricted to owner occupant bids for the first 7-14 days, after that open to everyone.

@Ronnie Boyd I do know that Fannie Mae puts a deed restriction in place for X days (perhaps 60-90) but I'm not sure about HUD.

Thank you all for the responses Ann Bellamy is there an age restriction on the black diamond meetings or Reia meetings in east mass also at Paul Timmins please if you have spare time please explain in depth seeing your example literally hits home and applies to my backyard with your sons story !!

I do plan on living in the property (which I haven't found yet) but I didn't know all the restrictions.

I have not used my VA at all at this point, but the one thing that I have been curious about and haven't gotten a final answer on is when you PCS/move out.I believe (though do not have proof) that you may need to refinance out of the VA loan since they have a strict OO restriction.