Legal Question in Real Estate Law in New York

binders

is the seller obligated to honor a binder on the sale of a house?


Asked on 1/01/07, 9:30 am

1 Answer from Attorneys

Arnold Nager Arnold H. Nager, Esquire

Re: binders

Possibly. It depends upon the wording and whether there was overreaching involved in getting them to sign and whether or not there was adequate consideration.

It would probably involve litigating the issue, which could be costly.

This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns. Additional facts could affect the answer given.

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Answered on 1/01/07, 12:03 pm


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