28 views 37 sec 0 Comment

Second Circuit Reverses Bacolitsas Decision in Rare Win for Condo Developers

/ Owner - January 2, 2013

A condominium developer has garnered a significant victory in a dispute with a buyer as the result of a decision by the U.S. Court of Appeals for the Second Circuit. In Bacolitsas v. 86th & 3rd Owner, LLC, a reluctant purchaser of a unit in New York sought to rescind his purchase and sale contract based on the developer’s alleged violations of the Interstate Land Sales Full Disclosure Act (ILSFDA).  Read More……

Comments are closed.