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#1827180 - 06/25/13 04:37 PM Rescission?
crazylady Offline
100 Club
Joined: Sep 2009
Posts: 108
Need to know if rescission is required?
Borrower owns land, builder built home without a construction loan or down payment.
Borrower now going to pay the builder for the home and we need to know if we should be considering a purchase or cash out refinance to determine rescission requirement.

Any help appreciated.

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RESPA
#1827192 - 06/25/13 04:53 PM Re: Rescission? crazylady
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,395
RoR applys to refinance of dwelling secured loans.
This is an RMT.

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