Legal Question in Real Estate Law in Texas
Texas right of rescission for unimproved property
We signed a contract today for a 12 acre plot of land and are wondering if we made a mistake. We put down an earnest money deposit and are scheduled to close on the 29th. Do we have a three day right of rescission now?
Asked on 6/24/07, 12:40 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Texas right of rescission for unimproved property
No. That right is for 2nd liens and consumer transactions.
Answered on 6/24/07, 10:55 am