In a case decided in 2009, a seller tried to cancel a deal after the agent acting for the lawyers could not register the deed before 5 pm. (remonline.com)
State law or your contract also may specify a «cooling - off period» — that is, how long you have to cancel the deal once you've signed the papers. (consumer.ftc.gov)
The court found that the seller was not acting in good faith in trying to cancel the deal because of the late registration. (remonline.com)