Bank of America announces Deed Restrictions

Bank of America will now restrict the sale of cash transactions on their bank owned properties so that the property is not resold within 60 days. The restriction only applies to cash purchases and will be transferred with the following verbiage on the deed

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


 

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