Legal Question in Real Estate Law in New York

Re: cancellation of contract agreement and buyer's lis pendance lawsuit

The lis pendens is filed in the County Clerk's office and notifies any other potential buyer that a suit is pending which may affect the title to the property.

Essentially, it makes the property unsaleable until the lawsuit is ended.

This is a free country. Anybody can sue anybody else. It would appear that these folks either still want your property, or they want some of your money.

See a lawyer ASAP.

Re: cancellation of contract agreement and buyer's lis pendance lawsuit

While you have the right to file the lis pendens, which notifies the world of a pending suit, be careful because if there is no merit to your claim, you are creating an exposure to a damage claim if you lose the case and a replacement sale is lost. There are no facts specified on the merits of the claim so no opinion is expressed as to the legitimacy of the claim. Also, traditionally a time of essence letter cannot be rejected. Again, no opinion is expressed on its legitimacy.