Manouchehr Galdjie submitted his purchase offer to buy an apartment building that was available for sale. The seller, Barbara Darwish, made a counteroffer, which the buyer accepted. The sales contract said that within 10 days of acceptance the buyer was to provide evidence from a lender that he can obtain the necessary financing. The sale was to close by April 9. Purchase Bob Bruss reports online. But the buyer had difficulty obtaining a mortgage. While faxing some property information to the buyer, the seller included a note that said the contract would not be extended beyond April 9–"the date everything should be wrapped up." However, it took the buyer until May 12 to obtain a mortgage commitment letter. Also on May 12, the seller signed instructions canceling the apartment bu...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.