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Vincent Gallo: So you want to rescind and cancel your Mortgage? The United States Supreme Court unanimously rules: “Go right ahead!”

posted Jan 23, 2015, 6:10 AM by Pete Weinman
Vincent J. Gallo, Esq., RCBA Real Estate Chair, offers his thoughts and questions on Jesinowski v. Countrywide Home Loans, Inc., 13-684 (January 13, 2015), wherein the United States Supreme Court, just days ago, in a unanimous 9-0 decision ruled that a Homeowner/Borrower was entitled to “rescind” and cancel their Mortgage if they were not provided with the requisite disclosures, including their finance charges and interest rate, among other disclosures, to which they were entitled under the Federal Truth in Lending Act.

Check out the post, which Mr. Gallo graciously forwarded for us to see, HERE.