What are some common deed restrictions when buying a previous bank property?
Previous drive thru bank has deed restrictions against the bank. I understand this is better to ask a lawyer but, for now, I just want a general idea.
[{"id": "ep1yjbx", "text": "I mean just read the deed it\u2019s in the public domain. If you\u2019re in a major market high likelihood it\u2019s been digitized for easy online read", "replies": [], "depth": 1}, {"id": "ep6ldun", "text": "Agree. Just look the deed up and read it. It's usually just other banks or anything financial-related. Those are tough to repurpose. Looked a bunch of those over the years and it's usually hard to make financial sense of it.", "replies": [], "depth": 1}, {"id": "ep7m493", "text": "In residential Fannie Mae likes to throw in a \u201canti-flipping\u201d restriction... something along the lines of 90 days from purchase it cannot be sold (or encumbered for more than X% above the purchase price.", "replies": [], "depth": 1}, {"id": "eph55oz", "text": "Just read it, it depends who added it.\n\nIf the bank added it, it probably says you cant put another bank there.  If its a previous seller who the hell knows.  A puritan maybe said you cant sell booze there. Or maybe it was split from a car dealer who says you cant provide auto sales.\n\nIn most metros you can look this up on 2 mins, or ask whoever told you there is a restriction.  The seller or they will know", "replies": [], "depth": 1}]