Have any of you heard of this, restrictions on sale after refi?

FNMA enforces deed restrictions on their REO sales.

If title has not been conveyed, you can restrict any liens encumbering the property by the buyer.

Joshua is right on with staying determined and using Bigger Pockets in particular.Keep your social marketing campaigns going, most people don't realize that those are long term opportunities that grow every day they are actively used.

(unless they forget to check the box in the addendum that makes the deed restriction part of it)In fact, this is the reason we are backing out of the current deal...they don't think they can't get to closing before the end of June, which means we wouldn't be able to resell until October, which isn't a great time of year to sell.

I was reading a post by an investor who had dealt with PEMCO before, and they had restricted him from marketing the property on his website.

I have been doing this for a little over 2 months with little luck.I have made a lot of contacts, have been building my buyers list and plan to start my first mail campaign this weekend.

The cash will go into a bank account in the name of the trust and I can write checks to buy assets (with some restrictions).So I put $200 - 250K in, purchase a property or two (also in the name of the Trust).

However, since I am not restricted to a certain town, I figured there might be better towns out there.

It will still reduce the # of banks and also cause further restriction of choices for depositors in 2010.