My question involves real estate located in the State of: New York
Can you help me to understand what rights my daughter has.
About 8 months ago she put a bid on a co-op. Her father is paying cash for the apartment outright - so there's no mortgage involved. The co-op is owned by a bank and there has been delay after delay in getting a closing date. Finally, about two months ago, they gave us a date. Then delayed again. Then after probing, we found out that the lawyers lost the stock and lease and were trying to find it. My daughter researched it and said that they did not need it to close that they could submit an affidavit. We were hopeful as only two days later, they said they located it and were about to make a tentative date, but then nothing. My daughter kept pressing and now they admitted that there are other documents that they cannot locate.
On June 14, my daughter asked our lawyer to give a date where she can back out if they do not produce the documentation or we can sue them. The 30 days is approaching.
My question is, what recourse do we have that the lawyers strung us along for so long and did not fully disclose the delays? Can we locate an Attorney General's office and report them for bad management? Additionally, what can we do to get the apartment? Will they have to eventually produce the documentation or never sell the apartment?
Thanks in advance.
Can you help me to understand what rights my daughter has.
About 8 months ago she put a bid on a co-op. Her father is paying cash for the apartment outright - so there's no mortgage involved. The co-op is owned by a bank and there has been delay after delay in getting a closing date. Finally, about two months ago, they gave us a date. Then delayed again. Then after probing, we found out that the lawyers lost the stock and lease and were trying to find it. My daughter researched it and said that they did not need it to close that they could submit an affidavit. We were hopeful as only two days later, they said they located it and were about to make a tentative date, but then nothing. My daughter kept pressing and now they admitted that there are other documents that they cannot locate.
On June 14, my daughter asked our lawyer to give a date where she can back out if they do not produce the documentation or we can sue them. The 30 days is approaching.
My question is, what recourse do we have that the lawyers strung us along for so long and did not fully disclose the delays? Can we locate an Attorney General's office and report them for bad management? Additionally, what can we do to get the apartment? Will they have to eventually produce the documentation or never sell the apartment?
Thanks in advance.
Closings and Escrow: Bank Lost Documents Needed for a Real Estate Closing
Aucun commentaire:
Enregistrer un commentaire