http://therealdeal.com/newyork/articles/remorseful-buyers-part-two--2 Much attention has been focused lately on the flurry of lawsuits filed by unsatisfied apartment buyers hoping to get out of their purchase contracts. But attorneys say there is another, under-the-radar group of buyers looking to break their contracts and get their money back. Instead of suing, these regretful buyers have chosen... [more]
http://therealdeal.com/newyork/articles/remorseful-buyers-part-two--2
Much attention has been focused lately on the flurry of lawsuits filed by unsatisfied apartment buyers hoping to get out of their purchase contracts.
But attorneys say there is another, under-the-radar group of buyers looking to break their contracts and get their money back. Instead of suing, these regretful buyers have chosen to pursue the cheaper, more streamlined option of having their disputes mediated by the state attorney general's office.
According to data obtained by The Real Deal under a Freedom of Information request with the AG's office, the bureau had received some 310 such filings by July 21 of this year. That's almost double the number received in all of 2008 — 168 — and more than five times the 57 filed in 2007.
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