Legal Question in Real Estate Law in New York

i was in the process of selling property. All the paper work has been signed, then the buyers attoney wanted the death certificate of my grandfather(previous owner). I took that to my attoney and at that time was informed that the buyers had backed out. again all paperwork regarding the sale had been singed and noterized. theSOLD sign has been in place on the property for at least a month.Therefore anyone who may have been interested in purchasing the property thought it was already sold. due to purchasers backing out of deal is the any kind of penelty that can be imposed on the puchaser and real estate agent for impling that the property was sold?
Thank you

Asked on 1/06/12, 11:03 am

Arnold Nager Arnold H. Nager, Esquire

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What does your attorney say? Can't answer your question without examining the Contract of Sale.

Answered on 1/06/12, 11:42 am

David Slater David P. Slater, Esq.

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If the sale was completed except for the closing you may be able to seek specific performance.

Answered on 1/06/12, 2:22 pm

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