This appeals court ruling could have a big impact on sellers who break contract. Or not.

A recent appeals court ruling on whether a company can void property contracts that were not formally approved by the seller’s corporate leaders has left real estate attorneys divided over how far-reaching its impact will be. The case concerned the sale of 28-34 St. Mark’s Place from the closely held corporation St. Marks Assets to investor Elliot Sohayegh. Sohayegh went under contract in 2016 to buy the properties for $44 million, but St. Marks then […]

Source: Real Estate

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