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Re: right of rescission

Posted by Todd on August 14, 2001 at 6:29 PM

In Reply to: right of rescission posted by Gary - CA on August 10, 2001 at 10:30 PM

I'm in Ohio and I'll tell you what "recission" means here. Anytime you refinance, you have a "right of recission", meaning you have three business days after papers are signed to think about things and perhaps back out. If you back out by midnight of the 3rd day, the deal is void.


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