Legal Question in Real Estate Law in New Jersey

In the state of nj if the seller fails to close by closing date and the buyer does not renew their contract what's next?


Asked on 7/09/10, 4:24 pm

1 Answer from Attorneys
Savyon Grant Law Office of Savy Grant

The contract is still valid. Contacts are not time is of essence and are on or about a date. To have a firm closing date you must serve time is of essence.

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Answered on 7/09/10, 7:37 pm


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