More banks setting their own rules

The lastest new in the every changing housing industry is that Bank of America has decided to put deed restrictions for cash buyers of Bank of America REO’s.  If you buy a Bank of America REO with cash, you need to wait 60 days to resell it.  Do they think this helps the housing market?  Use transactional funding and have the deed and mortgage recorded and this will eliminate that problem.  If you need transactional funding for your investment deals, ask me about it.  Yes, you can buy homes with none of your own money.