Wholesale in NYS

[Tony Smith]

Hey guys, I wholesale full-time and recently started here in Upstate NY, I have some questions for someone familiar with real estate law/wholesale here and closings and will appreciate any help!

I started beginning of February here and now have 6 deals closed with buyers for a net of 73k profit coming in, but these deals are taking FOREVER to close. My attorney told me because we are a third party there is nothing we can do and that I am at the mercy of seller’s attorney and TC/land surveyors. I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.

I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.

Attorney tells me we are still waiting on abstracts, surveys, etc. and that is what is holding these deals up??

Does this sound like a normal timeline for closing in NYS?

Thank you!!