Fort Collins, CO asked in Banking, Contracts and Real Estate Law for Colorado

Q: Closed on re-finance last night. Was called today and told underwriting is voiding the loan. I have a signed agreement.

I have 3 days to rescind the deal. Does the mortgage company have the same opportunity in Colorado? I have not received any funds. The funds were scheduled for transfer 3 days after closing. Do I have any re-course?

1 Lawyer Answer
Donald C Eby
Donald C Eby
  • Business Law Lawyer
  • Colorado Springs, CO
  • Licensed in Colorado

A: It depends on exactly what the loan docs say. You may want to have an attorney review the loan docs and potentially help you with a demand letter or law suit.

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