real estate 3-day rescission law in delaware?

Answer 1

I doubt Delaware has such a law, as it would be unnecessary, since there is such a federal law.

Basically it means that a borrower can have three days to change their mind and back out of a loan, IF it is a refinance, or investment property.

If you're purchasing a home to live in, it doesn't apply.

If you back out, you may still have some costs you have to pay, like the appraisal.

You will not be given access to the proceeds until that period expires.

Any more you want to know, or does that cover it?