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Question: 1 / 740

Can Buyer A rescind the mortgage two days after closing on a house for which he borrowed $300,000?

Yes

No

Buyer A cannot rescind the mortgage two days after closing on a house, as this would require legal action and may result in legal consequences. Option A is incorrect because it suggests that the buyer can rescind the mortgage without any consequences. Option C is incorrect because it implies that the lender has to agree for the buyer to rescind, which is not always the case. Option D is incorrect because it implies that legal action is the only way for the buyer to rescind, when in fact there are other options available such as appealing to the lender directly.

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Only if the lender agrees

Only with legal action

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