According to www.uslegal.com, a deed restriction is defined as: … private agreements that restrict the use of the real estate in some way, and are listed in the deed. The seller may add a restriction to the title of the property. Often, developers restrict the parcels of property in a development to maintain a certain amount of uniformity.
So what does that mean?
Imagine that, after months of searching, you finally find the home of your dreams. Your escrow deposit was ... read more