What are my rights as

mt375hp · Joined: 06 Jun 2007 Posts: 1 1.36 Dollars($)

What are my rights as A home buyer if the loan company processes and pushes my loan through before my 3 day recession period is up. I wanted to cancel and loan was already pushed through Help

carnahandavid · Joined: 21 Dec 2006 Posts: 239 58.40 Dollars($)

You need to be aware that the 3 day recession period does not apply if:

a. You are applying for loan to purchase or build your primary home.
b. If existing loan is refinanced with the same lender and no additional funds are borrowed or
c. Any state agency is creditor for the loan.

David

Guest 0.10 Dollars($)

Guest 0.10 Dollars($)

A mortgage company cannot force anything on you. Did you send in writing to this company that you want to rescind, within the 3 day period?

Guest 0.10 Dollars($)

you should file a complaint with ftc, they cannot do that : https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01

ckalvesmaki · Posted: Thu Jun 07, 2007 4:57 am Post subject:

If this is a purchase transaction....and thats what it sounds like....there isn't a 3 day right to cancel the loan. The underlying question should be why would you want to cancel the loan. Where the term different than what was quoted? What are the issues?

Caron · Posted: Thu Jun 07, 2007 5:31 am Post subject: RE: rescind a loan contract

yeah, it's important as to why Mt wants to withdraw from the contract. There may be issues which is why he wants to cancel the loan. Mt, you can freely discuss if you are going through any problems; may be our community can give you the right suggestions that can help you out.

Good luck!

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