Georgia Foreclosure being Rescinded
Hi,
We have bought many foreclosure auctions over the years but never had a property rescinded. We purchased one at the beginning at March (almost 3 weeks ago), had been told by the foreclosing attorneys office that they were awaiting on the DUP on 3/14, and then notified via email from their office that their client had rescinded the sale on 3/18. We asked why and were told that "our client has exercised their right to rescind, Georgia law does not require them to provide a specific reason as we are within the statutory time frame."
Any inisght or thoughts? From what I can find, GA law does give the lender a right to rescind for statutory causes, but I'm not sure what causes they are basing their rescision on.