+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Rescission of Real Estate Contracts - Webinar

  • ID: 4410004
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
1 of 4
Understand the procedural requirements necessary for rescission and when it is appropriate.

Rescission is one of the most powerful remedies available to a party who has suffered damages resulting from breach of contract or fraud. Rescission is one of the few remedies which allows parties to truly be restored to their respective positions before the alleged harm. In this practical topic, you will learn how to effectively assert, and defend against, this forceful weapon.

After learning this information, you will be able to recognize when rescission is applicable and when it is inapplicable in the case of contracts for the sale of real estate. Additionally, you will be able to advise clients how best to perfect a claim for rescission and avoid taking action detrimental to such a claim.

Learning Objectives
  • You will be able to recognize when rescission is appropriate.
  • You will be able to identify grounds for rescission.
  • You will be able to explain the procedural requirements necessary for rescission.
  • You will be able to discuss remedies available to a party seeking rescission.
Note: Product cover images may vary from those shown
2 of 4
Nature of Rescission
  • Rescission vs. Cancellation
  • Truth in Lending Act and Federal ‘Right' to Recission
  • State-Specific Statutory Periods for Rescission
Grounds for Rescission
  • Rescission Based on Contingency Conditions in Contract
  • Bilateral - Mutual Agreement Between Parties
  • Unilateral - Rescission Based on Misrepresentation, Fraud, or Breach of Contract
Notice Requirements
  • Proper Timing
  • Waiver Issues
Restoration Requirements
  • Return of Consideration
  • Potential Consequences of Pre-Rescission Home Improvements
  • Property Tax Considerations
Remedies and Recovery
  • Pleading Rescission
  • Restitution for Rescission Based on Misrepresentation
  • Consequential Damages
  • Equitable Relief Possibilities
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
Sean E. Ponist - Ponist Law Group, P.C., Georgia Z. Schneider - Ponist Law Group
Note: Product cover images may vary from those shown
5 of 4
This webinar is designed for attorneys, presidents, vice presidents, real estate professionals, closing specialists, lending professionals, loan officers, directors, branch managers, landlords, building owners and managers, and accountants.
Note: Product cover images may vary from those shown
Adroll
adroll