Skip to content
GeoDataVision
Thread Options
#392401 - 07/27/05 07:34 PM right of rescission
Anonymous
Unregistered

If someone is renting a house and then they decide to purchase it, would they have a right to rescind? Thanks in advance for any info.

Return to Top
Lending Compliance
#392402 - 07/27/05 07:41 PM Re: right of rescission
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
If it's a straight-out purchase...no.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

Return to Top
#392403 - 07/27/05 08:12 PM Re: right of rescission
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,849
Bloomington, IN
If they had a rent to purchase agreement then this would be similar to a sales contract and they have obtain some ownership interest in the property and the ROR would apply. OSC 226.2(a)(24)(5)(ii)
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z