Legal Question in Real Estate Law in New York

home closing

i have yet to close on a house, am i still obligated? would there be any monetary consequences?


Asked on 7/07/07, 12:31 pm

1 Answer from Attorneys

Arnold Nager Arnold H. Nager, Esquire

Re: home closing

You would certainly breach whatever Contract of Sale you entered into. That Contract would set forth some of the consequences of your default.

Advise you speak with your attorney, if you have one, or an experienced real estate attorney to review the contract and your situation. There may be a way out.

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 7/07/07, 2:00 pm


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