From the context of your message it appears you are seeking to purchase distressed real estate which has no deed restrictions. As other noted, deed restrictions is related to the property, not the lender.
Your real estate professional can identify those areas which have NO deed restrictions, often parcels outside of city boundaries. Then there are those communities inside city boundaries that do have deed restrictions. Then there are communities that have VOLUNTARY deed restrictions. And still others with unenforceable deed restrictions.
If you are a serious buyer, a real estate professional can help sort the good deed from the bad deeds to identify the real estate most suitable for you.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Yes, its the developer who creates the initial deed restrictions. The properties are sold to individuals who are given a chance to review the restrictions before they purchase the property. Going forward when a Homeowners Board is put in place, there can be a vote to change some of the restrictions.
I hope this helps.
Hope this helps.