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All Forum Posts by: Randy L Swihart

Randy L Swihart has started 0 posts and replied 1 times.

Buying & Selling Real Estate

Post: Can I cancel a Refinance after I sign the documents?

Randy L SwihartPosted
  • Foreclosure Specialist
  • Northeast Florida (Jacksonville area)
  • Posts 1
  • Votes 2

Hi,

You might want to check with your attorney regarding Right of Recission on Non-Owner Occupied Property and the CFPB.
Typically - A residential mortgage transaction is exempt from the rescission requirements. Rescission also does not apply to mortgages on vacation homes and investment properties, even if these transactions are refinances. A state agency mortgage is also exempt. So if you don't sign you may be out some application and apparisal costs. Check with your attorney

Randy Swihart

Licensed Real Estate Broker

Licensed Mortgage Broker

2 Votes