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Is there a 3 day grace paper on buying a house AFTER closing in Texas?

Dallas, TX |

once buyers have closed and money exchanged, is there still a 3 day option to rescind the contract?

Attorney Answers 2


You are thinking of the federal 3 day rescission on loan refinances. Generally, there's no right to rescind a real estate transaction involving a sale.

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The short answer is no, there's not. In fact, after you sign the contract - before closing - your rights to rescind are limited to the terms of the sales contract.

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