Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Condominiums—Although Purchasers Had Closed On Their Unit And Made Certain Improvements, They Were Entitled to Rescission Under the Interstate Land Sales Full Disclosure Act—Sponsor Failed to File A Statement of Record With HUD And A Required Property Report—ILSA Applicable to Condominiums—Contract Merger Into A Deed Does Not Preclude Rescission—Fact that Unit May Not Be In Substantially Similar Condition Does Not Preclude Rescission, But Impacts the Amount of Refund that Purchasers Would Receive—Court Cited the Significant Cost of Litigation And Directed that Counsel, Accompanied by Party Representatives, Promptly Meet For At Least Two Hours to Attempt to Resolve the Matter.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.