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Current as of April 06, 2022 | Updated by FindLaw Staff
(1) In addition to any other right of rescission, a distressed homeowner has the right to cancel any contract with a distressed home purchaser until midnight of the fifth business day following the day on which the distressed homeowner signs a contract that complies with this chapter or until 8:00 a.m. on the last day of the period during which the distressed homeowner has a right of redemption, whichever occurs first.
(2) Cancellation occurs when the distressed homeowner delivers to the distressed home purchaser, by any means, a written notice of cancellation to the address specified in the contract.
(3) A notice of cancellation provided by the distressed homeowner is not required to take the particular form as provided with the contract.
(4) Within ten days following the receipt of a notice of cancellation under this section, the distressed home purchaser shall return without condition any original contract and any other documents signed by the distressed homeowner.
Cite this article: FindLaw.com - Washington Revised Code Title 61. Mortgages, Deeds of Trust, and Real Estate Contracts § 61.34.100. Distressed homeowner's right to cancel - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-61-mortgages-deeds-of-trust-and-real-estate-contracts/wa-rev-code-61-34-100/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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