A real estate purchaser may unilaterally rescind a purchase contract within three days of receiving a property owners’ association disclosure packet under Virginia Code § 55-509.4(A), (C). The relevant issue that the instant Demurrer raises is whether a real estate purchaser may unilaterally rescind a purchase contract more than three days after receiving an incomplete or outdated disclosure packet. This Court holds that a purchaser cannot rescind a contract for those reasons, and sustains the Demurrer Read the PDF…………….
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