Ginny's RI House Hunt Blog

Can An FHA Loan Be Done On A Property In A Nudist Colony?

Who Would Have Thought that Nudity Can Be Restricted on a Mortgage

 

Well I know that this will give a chuckle to most but it is another reason why you have a deed checked prior to being out of an inspection period!  FHA will not allow restrictions on their mortgage...so as George Soutu says so elegantly ...Don't be caught with your pants down when you are buying property!

 

Inquiring minds want to know.  Can An FHA Loan Be Done On A Property In A Nudist Colony?  At first my quick answer was yes, but then it hit me, it could as well be no.  So why would an FHA Loan not be able to be done on a property in a nudist colony?

The answer is really very simple.  FHA does not allow restrictions on the sale of a property.  So for example if there were restrictions on the property deed which stated the Buyer had to become a member of the nudist colony, or needed to be a member in good standing of a nudist colony to purchase the property, it would be a restriction of sale, and therefore a violation of this FHA guideline. 

So don't get caught with your pants down!  If you are a nudist or planning to become a nudist, and want to purchase a property in a nudist colony, make sure you find out about deed restrictions first!!!

Hope this little tidbit has brought a smile to your face as it did to mine.

 

 

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

 

This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

Comment balloon 11 commentsGinny Gorman • July 18 2017 10:50AM
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