Legal Question in Real Estate Law in New York

We bought some land, went through lawyers and paid interest to the party. We paid it off, 6 years this Dec., paid the property taxes and insurance and we are getting ready to retire and wanted to build. The person that us this land has failed to pay the profit earnings to get the rest of these papers switched to our ownership. I've exhausted being patient and want to take extreme measures now. My proposal is here is the loan I have made to you, $30,000 + yearly taxes, insurance at the interest rate of 15% = ??, we expect full payment by Dec. 2010 or pay your property gain and the portion of attorney fee for you to clear this issue.


Asked on 9/19/10, 6:05 pm

1 Answer from Attorneys



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