Loan Modification Forum - LoanSafe.org - View Single Post - Loan Rescission

Buddy Wizer · 02-24-2008, 10:49 AM

quick question.... if a borrower used 100% financing from the same lender when purchasing their home, is the 20% of the equation ( the 2nd mortgage) rescind-able? Regulation Z rules would apply with the 2nd mortgage?

This would have been a 80/20 loan.

thanks!!

Buddy

BUDDY YOU ARE A LOSS MIT GUY AREN'T YOU?????

02-24-2008, 10:49 AM	#19 (permalink)
Buddy Wizer Banned Join Date: Feb 2008 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Rescission - When Three Days Really Means Three Years quick question.... if a borrower used 100% financing from the same lender when purchasing their home, is the 20% of the equation ( the 2nd mortgage) rescind-able? Regulation Z rules would apply with the 2nd mortgage? This would have been a 80/20 loan. thanks!! Buddy BUDDY YOU ARE A LOSS MIT GUY AREN'T YOU????? Last edited by Mary Salzer; 02-24-2008 at 02:22 PM..