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We signed a mortgage agreement yesterday and today finally

HI! We signed a...
HI! We signed a mortgage agreement yesterday and today finally realized this house is too small. How does the right of Rescission work in Colorado? Is there a form? If so, where do I get it? tnx
JA: What steps have you taken so far? Have you prepared or filed any paperwork?
Customer: Nothing beyond the realtors forms that we signed
JA: Have you talked to a CO lawyer about this?
Customer: no
JA: Anything else you want the lawyer to know before I connect you?
Customer: nope
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Answered in 7 minutes by:
11/7/2017
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,065
Experience: 17 years real estate, Realtor. Landlord 26 years
Verified

Hello and welcome! My name is ***** ***** I am a licensed attorney and will try my best to help with your situation. There may be a slight delay in my responses as I type out an answer or reply.

.

Are you talking about a house purchase or a refinance?

.

.

thanks

Barrister

Ask Your Own Real Estate Law Question
Customer reply replied 1 month ago
Hi Barrister - house purchase
Customer reply replied 1 month ago
I can't talk on the phone now - could we schedule something for tomorrow morning?

Ok, then unfortunately, there is no right of rescission in a house purchase unless the contract specifically says it.. The 3 day right of rescission only applies to refinances..

.

So you are kind of stuck here unless you wanted to back out and breach the contract, but you would likely lose any earnest money and run the risk of getting sued...

.

.

thanks

Barrister

Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,065
Experience: 17 years real estate, Realtor. Landlord 26 years
Verified
Barrister and 87 other Real Estate Law Specialists are ready to help you
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Joycelaw
Joycelaw, Attorney
Category: Real Estate Law
Satisfied Customers: 102
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Barrister
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,065
39,065 Satisfied Customers
Experience: 17 years real estate, Realtor. Landlord 26 years

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