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Updated almost 4 years ago,
Help! NY single family wont close!
We have been under contract on a cash offer for a SFH since August 24, 2020. We are feeling stuck, worried about the condition of the home being unoccupied all winter, losing money not being able to rent it, and almost feeling taken advantage of. We have voiced our concerns multiple times to our lawyer and agent. We have not got a definitive answer when we will close. What options do we have in the state of NY? We have lost money and time. The lawyer has stopped returning any calls or emails. Are there any rules or laws that define how long the sellers have to sign and close? We are out of state investors.
We understand things in NY are taking longer due to covid, but this issue seems to be caused by the seller. Is there a way we can renegotiate or get another inspection done? Thank you for any insight or help!