Legal Question in Real Estate Law in California

NY real estate law:
I currently am in contract for a property in NY. It s new construction home and was origanally planned to close 1 year ago. My agent is no longer playing a role in this transaction. I would have backed out of the contract by now but I have 12K down for earnest $$. This has been a nightmare transaction. I own about 4 investment properties nation wide and none have been this bad. Is there a time limit on this transaction where I would be allowed to pull out and get my $$ back? The builder is now saying he wants to close but there are several unasnwered question. The grading is not complete, I realized a window was not installed that was promised in writing, and electric range was installed rather then gas as promised. Do I have any legal control over getting out of the contract? Can a builder theoretically take years as long as there is no contigency in the contract? Also the fact that my agent is out of the picture, should that not result in a voided contract? ANy advice would be greatly appreciated. Thanks-

Asked on 3/15/07, 6:45 pm

Mark Leonardo Law Office of Mark J. Leonardo

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Re: NY real estate law:

It depends what the contract says.

If this involves California law, feel free to call our office to discuss the matter.

Answered on 3/15/07, 6:53 pm

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