Posted by Andy Martin on December 30, 2016 at 05:46:38 from (209.213.149.120):
In Reply to: Landsharks posted by Thomasthetankengine on December 29, 2016 at 16:04:49:
I have also known people who refuse to sell to a "developer". Their buyer, however has no qualms about that and may make a tidy profit from the broader market of buyers.
I bought a house out of foreclosure one time which had the stipulation from Fannie Mae (IIRC) that I could not resell it within six months. What? Were they trying to encourage only owner occupants to buy? And with their other terms it was going to be all but impossible to get a loan (funds on deposit before they made the decision to make the sale or not). So I put the money up, got the house, rented it, and sold the house to the renters in six months and one day. Hoo boy. Government programs.
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