Legal Question in Real Estate Law in New York

Hello, i am purchasing raw land for 17k . i was advised to take tilte insurance which

i did and that was a very good idea. when the title came back this week there is a 32k lein on the property from a divorce that the seller was not aware of.the seller says she will pay it off if i give her some time but my qustion is what is a legal time frame in the state of new york before i can either back out or sue without any recourse to me.


Asked on 9/09/10, 8:52 am

1 Answer from Attorneys
Logan Lo Woods & Lonergan

Like most areas of the law "It depends." The contact should have a set statement as to what happens if you don't get back clean title and when/if you can pull out of the contract.

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Answered on 9/14/10, 8:59 am


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