- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Legal advice question
Posted on 9/15/16 at 11:16 am
Posted on 9/15/16 at 11:16 am
Does anyone know if in the state of Louisiana if there is a 72 hour recession period on a commercial property deal?
This post was edited on 9/15/16 at 11:17 am
18
Posted on 9/15/16 at 11:25 am to Charlito
(no message)
Posted on 9/15/16 at 11:25 am to Charlito
nope.
Posted on 9/15/16 at 11:27 am to Charlito
I've never heard of it, but I'm also pretty terrible at my job.
Posted on 9/15/16 at 11:27 am to Charlito
quote:
72 hour recession period
rescission
Posted on 9/15/16 at 11:34 am to Charlito
Read the purchase agreement.
Posted on 9/15/16 at 11:36 am to Charlito
Here is my (non) legal advice: if there is anything significant involved with a question like this, "free" advice on a forum such as this is worth less than what you pay for it. If a significant transaction may or may not be subject to such a period and you have a question (and are seriously considering availing yourself of it), I advise you to seek - in person - competent legal advice as quickly as possible.
Posted on 9/15/16 at 11:40 am to Charlito
Can you give more details?
Posted on 9/15/16 at 11:42 am to Charlito
Listen to Ace
Posted on 9/15/16 at 11:42 am to Charlito
Sounds like the span of an Obama recession according to Obama.
Posted on 9/15/16 at 11:42 am to Charlito
What kind of deal?
Posted on 9/15/16 at 11:52 am to Charlito
*rescission
Posted on 9/15/16 at 12:05 pm to boosiebadazz
With regard to property, the 3-day right of rescission as allowed under Federal law may only apply to refinancing of property I believe...
Posted on 9/15/16 at 12:27 pm to Charlito
If you reserved the right of reversion you can get the property back.
You can also claim lesion beyond moiety if you sold the property for less than I believe 2/3 of it's appraised value.
You can rescind the sale on the basis of fraud, duress, or error if applicable.
That will be $300 please.
You can also claim lesion beyond moiety if you sold the property for less than I believe 2/3 of it's appraised value.
You can rescind the sale on the basis of fraud, duress, or error if applicable.
That will be $300 please.
Posted on 9/15/16 at 12:32 pm to Charlito
Unless it was specifically written into your contract, probably not. Rescission typically only applies to a non purchase transaction involving your primary residence.
Posted on 9/15/16 at 12:32 pm to Charlito
quote:
Charlito
You fricking bought jazzland didn't you?
Posted on 9/15/16 at 12:33 pm to Charlito
Nope, you're SOL
Posted on 9/15/16 at 12:39 pm to Charlito
Rescission*
Posted on 9/15/16 at 1:48 pm to Charlito
I'll tell you but my rate is tree fiddy an hour. Seriously that will run you about $350.
Posted on 9/15/16 at 1:51 pm to Ace Midnight
quote:There are 1400 lawyers in Lafayette. Would take a while to research that.
- competent legal advice as quickly as possible.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News