Legal Question in Real Estate Law in New York
if seller (in NY state, westchester) does not agree on the closing date even it is past due by more than 45 days, is it wise to issue 'the time of essence' letter. if seller does not come to the table to close on the date agreed as per the'time of essence letter', what are my options/next step
2 Answers from Attorneys
Declare Seller in default. Sue for specific performance of the contract. Be sure to file a Lis Pendens so suit is recorded against title.
Don't you have a lawyer that reviewed the contract for you? Are you looking for a new one?
We have substantial experience handling these matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.
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