Can I rescind a purchase of real estate after closing

Can I rescind a purchase of real estate after closing

Q.

Can I rescind a purchase of real estate after closing?

A.

Yes, you can, but the buyer needs to be willing to re-convey the property back to the seller, and the Court is going to look to see if the parties can be returned to the status quo. So keep in mind that timing is important, statute of limitations come into play, and if the buyer makes significant changes to the property, that lessens the chance to rescind.