Legal Question in Real Estate Law in New York
My buyer did not obtain a mortgage in the specified time in contract. I agreed verbally to a two week extension, then another two weeks verbal extension. We are in the middle of the second week. Do I have to wait the full two weeks to cancel or can I cancel now? (New York Property.)
Asked on 4/23/13, 2:37 pm
2 Answers from Attorneys
Yefim Rubinov
Yefim Rubinov Attorney at Law
Send him a time of the essense letter
Answered on 4/23/13, 6:37 pm
Anna feldman
Law office of Anna Feldman
Yes, I think you should wait till the full expiration . You should send him a letter advising of your intended termination of the contract based in expiration of time for the financing.
Answered on 4/24/13, 3:36 am
Related Questions & Answers
-
Tenants in common, joint tenants, what is the difference Asked 4/22/13, 4:27 am in United States New York Real Estate and Real Property
-
Legal statuts of unsigned contract sent thru email with a deposit Asked 4/20/13, 10:02 pm in United States New York Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
