Legal Question in Real Estate Law in Florida

Re: Mortgage Lock, 3 day Right To Rescind

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The three day right of recission is pursuant to federal law and not the individual state. It applies to all refinancing(s) of the first home mortgage. The three day period is from the day of the mortgage closing and not the application though.

I strongly suggest that you consult a qualified real estate attorney who can advise you on this matter and work with you on your refinancing. The chances are good that it will be less expensive than having a title company handle the closing on behalf of the lender without any legal representation for you.

Scott R. Jay, Esq., 305-249-8000