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hi iamp;#39;m florida foreclosure defense lawyer michael wasslik iamp;#39;m here today in bartow florida outside the historic polk county courthouse and today i wanted to address an issue thatamp;#39;s coming up recently because itamp;#39;s becoming popular on the internet and that issue is the question of telo rescission truth and lending act precision what it means how you do it and who can do it and when now thatamp;#39;s a lot to cram into a video of just a few minutes so iamp;#39;m going to give you a little bit of an abbreviated version but basically speaking rescission simply means undoing the transaction that under the truth and lending act anyone who gets a home mortgage has the right to rescind that transaction within three days the purpose of this is like a cooling off period it gives you time to read the documents that you were signing make sure that they were the documents you thought they were that the terms of the loan were what they thought you were and if they we