Skip Navigation
StreetEasy

Between Contract and Closing

Started by 333lfa
about 16 years ago
Posts: 2
Member since: Jun 2010
Discussion about
If a structural problem arises in a coop unit prior to closing and the buyer's rate lock will expire by the time the problem is repaired, who is responsible to pay any penalties to the lender for extending the rate?
Response by wanderer
about 16 years ago
Posts: 286
Member since: Jan 2009

In NY the risk lies with the buyer unless the contract says otherwise.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Doorman Strike
    37 Comments
  2. New construction buildings with problems
    9 Comments
  3. Are mandatory floor prices legal?
    6 Comments
  4. Why private school?
    14 Comments
  5. Brooklyn Point
    3 Comments