Legal Question in Real Estate Law in New York

expired contract to purchase property

i went to contract with a builder on 100x100 ft lot that had to be subdevided off my existing property. the builder

was to assume all costs. the contract was good for 90days.it expired on sep18,2002. i have a purchaser who wants to buy all the property includeing the 100x100 and is willing to close now. i returned the origional buyers check and a letter telling them the time had expired. they returned trhe check and refuse to accept the contract is cancelled. how long am i legally bound to the orig buyer and can they sue me if i sell to new buyer


Asked on 10/11/02, 5:56 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: expired contract to purchase property

While they may sue, since the contract expired I see no liability on you. Sell it.

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Answered on 10/11/02, 10:03 pm


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