A federal judge in Brooklyn has declined to invalidate the sales contracts of eight plaintiffs who made deposits on apartments in a new Long Island City condominium project, then changed their minds as the construction dragged on and the economy spiraled down.
The decision, Romero v. Border East River Realty LLC, 09-cv-665, by Eastern District of New York Judge Allyne R. Ross is one of the first to address how the relatively obscure Interstate Land Sales Full Disclosure Act of 1968, which was originally promulgated to protect out-of-state home purchasers when buying land sight-unseen, may apply in the present market.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
