Asked in Contracts and Real Estate Law for New York

Q: Sellers being difficult about the closing date

I am purchasing a house in NY and i have being clear to close for the last two weeks, however, my sellers have been difficult about providing a closing date. My loan commitment expires on May 30th but they want to close on May 31st. The contract reads that closing should take place on or about May 1st - what are my options if my loan commitment expires?

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2 Lawyer Answers
Michael David Siegel
Michael David Siegel
Answered
  • New York, NY
  • Licensed in New York

A: It depends on what your contract says about the closing date.

Bruce Alexander Minnick agrees with this answer

Elaine Shay
PREMIUM
Elaine Shay
Answered
  • New York, NY
  • Licensed in New York

A: This question is better directed to the attorney representing you in this transaction. He or she should be familiar with the terms of your contract .

Bruce Alexander Minnick agrees with this answer

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