Q: I just signed a contract for selling my house less than 24 hours ago in New York state. I wrote them:
I need to cancel that contract which was signed less than 24 hours ago. Is it legal to have my contract broke without any penalty. Can you please help me. They are telling me that I cannot break the contract because New York State does not have a law like that but everything I am reading is stating I have three business days to break my contract as long as it's by midnight of the third day can you please help me?
A:
I don't think the 3 day cooling off law applies to this type of contract, but I could be wrong. Did you deposit any funds from the purchaser?
Jack
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