Legal Question in Real Estate Law in New York
Im buying a home from my current landlord as a cash deal......sort of like a land contract. My landlord is the seller until his son turns 21 (which is in november 2012. ) the landlord and his son were on the contract is that all i need to protect myself from his son coming after the house when he turns 21?
1 Answer from Attorneys
There are red flags all over the place here. If the Dad-landlord's interest ends in November, then so does yours. No one can sell what he does not own. If the son signed the contract after his 18th birthday and you can prove it, then you should be OK, but you should invest a small amount (probably less than $400) to get a legal checkup. If you find an issue now, you have a much better prospect of successfully resolving it at this time. five one six two four two one four five three.
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