How to avoid buyer’s remorse and get out of a bad deal - consumer righ...

Swapalease.com helps facilitate lease transfers online by matching people who want to get out of their auto leases with others who are looking to get into lease agreements. Hall says that in

most cases the lease can be transferred immediately, whether you're one week, one month or even one year into the lease. All the negotiating — including how to pick up or drop off a

car and whether any money needs to change hands — is done between you and the other party. Swapalease.com simply acts as a kind of middleman, handling the paperwork and helping you make sure

you're following the leasing company's guidelines. Feeling tied up by a deal? You can often get a refund, credit or exchange after a change of heart. GSO Images/Getty Images

According to Hall, nearly every major carmaker — including General Motors, which offers such brands as Buick, Cadillac, Chevrolet and GMC; luxury brands such as BMW and Mercedes; and others 

— has fully assumable, transferable leases. "So the person who had the lease walks away clear and free," Hall says. YOUR MORTGAGE Did you refinance your mortgage or tap into your

home equity but now you wish you hadn't? You can unwind the deal under certain circumstances — but you'll have to act fast. Under the Truth in Lending Act, existing homeowners (not

home buyers) have the "right of rescission," which means they can change their mind for any reason if they don't want to stick with a refinanced mortgage or a home-equity

loan they've already signed. The key to exercising this right, though, is to do it within the legally prescribed time — and that's a tight window. You have three days after you

sign a mortgage contract to exercise your right of rescission, according to Ira Rheingold, executive director of the National Association of Consumer Advocates. Your rescission period starts

at midnight on the day after you sign loan documents. The period ends three business days later, including Saturdays but not Sundays or holidays. Once midnight strikes on the third business

day, the rescission period is over, and any loan documents you've signed become legally enforceable. For example, if you sign a loan at 3 p.m. on Tuesday, then the rescission period

begins nine hours later, at midnight. It runs for Wednesday, Thursday and Friday. The loan would take effect on Saturday. But if your bank never notified you of your rescission rights, or

you can show that there was a material misstatement in your loan documents, then your rescission rights are extended to three years. To issue a rescission notice to the lender, you have to

do it in writing. A phone call or in-person visit isn't enough. Also, rescission rights are granted only for your primary house; you don't have them for a second home or an

investment property. Last, your rescission rights apply only with a lender other than your current lender.