In a rare defeat for caveat emptor in foreclosure sales, a New Jersey judge let a winning bidder cancel the $2.6 million purchase of a house because 142 foul-smelling dogs and cats -- some living, many dead -- were found on the premises. The damage from animal feces and urine was so bad that the house was condemned. Even so, letting successful bidders wriggle out of paying for foreclosed property is so uncommon that Judge Peter Doyne resorted to a 70-year-old precedent to support his ruling.
September 14, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In a rare defeat for caveat emptor in foreclosure sales, a judge let a winning bidder cancel the $2.6 million purchase of a house because 142 foul-smelling dogs and cats — some living, many dead — were found on the premises.
Bergen County Superior Court Judge Peter Doyne ruled that Michael Acciardi of Saddle River, N.J., was relieved of his obligation to buy the house next door because of conditions he discovered five days after he won the bid at an Aug. 10 sheriff’s sale.
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