Ronnie’s Rescission

Paul,

how do you go about finding out to see if you had a Tila violation to see if you qualify for the 3 year rescission time frame ?
 
I think I maybe able to do this on my house.

Ronnie

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Hello Ronnie,

You need a copy of your final TIL Disclosure, HUD1, note (and adjustable rate rider if applicable), and rescission notices. 

Then, you need to find a material violation that would trigger the extension of your rescission rights. 

Once a homeowner has found such a violation and has a means of tendering the remaining balance owed, a rescission notice is sent to the lender and at that point the fun begins.

Read: What Triggers TILA Extended Rescission & Sample TILA Rescission Notice

Thanks for the questions and don’t cut yourself with the TILA.

Paul

This author is not an attorney and this information should not be considered legal advice.  Please consult an attorney for legal advice.