Monthly Archives: March 2012

Condo Developers Dealt Another Blow

New York Supreme Court Justice Singh has ordered a condo developer to return $16 million to individual purchasers of condominium units in the case styled CRP/Extell Parcel I, L.P. v. Cuomo. The law firm who drafted the developers offering plan mistakenly drafted the documents with a rescission date of Sept. 1, 2008 instead of Sept. [...]

By | 2012-03-15T15:33:20+00:00 March 15th, 2012|

Old Law Brings New Relief

The Interstate Land Sales Full Disclosure Act (ILSFDA) was enacted in 1968 to prevent deceptive practices of the sale of unimproved tracts of land by requiring developers to disclose information needed by potential buyers. The original purpose of the act was to protect purchasers from unscrupulous sales of undeveloped home sites, frequently involving out-of-state sales [...]

By | 2012-03-01T15:51:16+00:00 March 1st, 2012|