Lost the Proprietary Lease
The sellers bank lost the proprietary lease and end of the grace period of my contract is coming up real soon. As a buyer, do I have the right to get my deposit money back?
Answers (1)
FIRST ANSWER
Hi Buyer,
The answer to your question must be delineated in your purchase contract. Check with your attorney.
If not spelled out in the contract, ask your attorney to request a copy from the Coop's managing agent. They should have a copy from the seller's purchase file.
The managing agent generally has the ability to prepare a new lease for your puchase which may eliminate the need for the sellers lease. Your attorney can quickly review and approve before your grace period expires.
Good luck,
Chris
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying in 10016
View all »
Answered Sat Jul 12 2008, 11:11 by Efrom Allen in 10016
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 1,989
|
|
|
|
|||||||||||
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback