Legal Question in Real Estate Law in New York

Lost property

We lost $1700 on a property, b/c my father-in-law said that he and his wife (my mil) would co-sign with my wife on a mortgage. He sexually abused my MIL and they are noiw getting divorced. He said that she needed to come off the application in order for him to go through with it. Are we able to hold him accountable for the lost monies. We had the conditional committment letter saying that we were approved.


Asked on 9/02/03, 10:10 am

2 Answers from Attorneys
Arnold Nager Arnold H. Nager, Esquire

Re: Lost property

Only if the promise was in writing.

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Answered on 9/02/03, 10:48 am
Walter LeVine Walter D. LeVine, Esq.

Re: Lost property

Unless your FIL was on the application and agreed to assist in writing, you have no recourse except for moral obligation to assist or reimburse.

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Answered on 9/03/03, 10:23 am


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