Part 12*: Can the Downpayment on a Residential Contract of Sale in New York be in the Form of a Personal Check? Depending on the contract, the downpayment on a residential contract of sale in New York be in the form of […] Read more
Part 5*: How much is the Downpayment and Balance Due at Closing in a Residential Contract of Sale in New York? In New York, purchasers typically deliver a 10% downpayment at contract signing. The balance is paid at closing. In some […] Read more
Court Rules Purchaser is Unable to Recover Downpayment from Seller on Contract of Sale for Real Property In Doony, Inc. v. Mark Palmiotto, et al., (decided March 20, 2019) the Appellate Division, Second Department affirmed the Westchester […] Read more
Recent 2nd Dept. Decision re Real Estate Down Payments On May 23, 2012, the New York State Appellate Division, Second Department, decided a case entitled Skyline Restoration, Inc. v. […] Read more