NY Court Holds Seller Entitled To Keep Downpayment As Damages For Purchasers Breach of Real Estate Contract
Sometimes the obvious still bears emphasis, even in the real estate litigation context.
If your ability to purchase a property hinges upon which your ability to get needed financing (which is often the case), you’d better make sure that this is memorialized in the contract. Otherwise, you could end up like the defendant in Abart Holdings [...]
