We have borrowers who just recinded their loan last night, which was day 3 of the rescission period. Now they've called this morning and said they were "hasty" in their decsion and would like to proceed with closing today. Reason for rescission was not related to our loan, which is a bridge deal.
Can we have them write a letter negating the rescission and proceed with the loan? What can/can't we do? Never had this happen before.
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Not even close to being legal advice....I have a bridge for sale too!