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Home / Opinion Digests / Va. Cir.: Rescission timeline unaltered by incomplete disclosures (access required)

Va. Cir.: Rescission timeline unaltered by incomplete disclosures (access required)

Prospective buyers had only three days to rescind a purchase agreement after receiving the statutorily-required property owners’ association disclosures. The rescission period is not extended due to incomplete information in the disclosures as submitted. Background Plaintiffs Liam and Brandee Daly contracted with Defendant Gulick Group Inc. to buy real estate for a total price of $2.3 million, ...