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$3.6 Million in Deposits Must Be Returned for Failure to Render “Marketable Title”

By Allison R. Lissner on July 24, 2009
Posted in Real Estate

In a recently decided New York case, 325 Schermerhorn LLC v. Nevins Realty Corp., decided April 27, 2009, Superior Court Kings County, New York, a purchaser under a contract of sale for real property was awarded the return of its $3.6 million contract deposit after the Kings County Supreme Court held the seller was in…

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