I have a contract, although I am not confident that it is perfect.

I have been doing plenty of reading (definitely a popular trend I see in here amongst the newbies), perfecting my credit score, working on a plan to approach this, setting my short term goals as well as long term goals.

Makes perfect sense to me.

It is perfectly acceptable for a child to be afraid of the dark; the tragedy is when men are afraid of the light....Plato

It felt (and still feels to this day) like a rare perfect scenario: Distressed homeowner still gets to live in the home she raised her kids in; bank gets out of a difficult situation; I got into the RE business and had instant unrealized gain.

It is perfect for me to sit at here while I am at my job, and make use of my time.

It makes perfect sense in a vacuum.

Unfortunately, the HOA was preparing to go after the sellers and was in the midst of perfecting a lien with the hopes of eventually turning it into a judgment when your husband stepped them in and paid them off.Good Luck!

If you wait for the perfect time when you feel you have sufficient knowledge and expertise you will never do it.

I know that there are people here who have said this isn't legal, but no one has ever been able to provide any evidence that a deed restriction such as this is in violation of any law.Deed restrictions are perfectly legal, and restricting resales through a deed restriction is nothing out of the ordinary, and not just with REO sales (I have a friend who inherited a house when he was younger, and the house came with a deed restriction restricting his ability to sell the house until he was a certain age).I don't know any way around the restriction, and while I don't know for certain what the penalty might be, I would assume they could come after any profits at the very least.