Daily Archives: June 23, 2011

NY Husband's Failure to Apply for Mortgage Breaches Contract

The contract for the sale of New York real property was contingent on the husband and wife buyersobtaining a $280,000 mortgage. After their mortgage application was denied, they sought the return of their $35,000 deposit. The seller sued the buyers for breach of contract. The buyers counterclaimed for return of their deposit. The Nassau County, […]