From: vze8f3tq@verizon.net (v)
Newsgroups: misc.consumers.house
Subject: Re: Hand over signed deed to escrow company?
Date: Thu, 14 Jul 2005 16:04:56 GMT

On Tue, 12 Jul 2005 19:38:45 GMT, someone wrote:

>We had a 3 day cooling off period after our REFI (we didn't get our cash out 
>check, nor was the first lender paid until after the three days passed). 
>But for a purchase, I don't think so.  This is CT, BTW. 
>
This is a very different thing.  It is easier to unwind a refi.  On a
SALE, what if you sold, moved out, the new people moved in - and THEN
they could rescind?  In the refi, there is NO BUYER.  Its just you as
far as "who is the owner" is concerned.  You still live in the same
house no matter if you keep the old loan or get a new one.  People are
apparently concentrating on the loan, but (it is worth mentioning)
properties can be sold without loans, then there is no bank involved,
what is to rescind?  Nope.  On a SALE:  "All sales final!"  "No
refunds!"



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