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Tax, SDIRAs & Cost Segregation

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Sam Dal
  • New York, NY
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82
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Suiing the seller

Sam Dal
  • New York, NY
Posted May 22 2015, 06:18

Folks

My seller isn't acting in good faith on this SFM property in a NYC borough I'm trying to buy. There is a provision in the title where she can cancel contract if it's over $500 and it's about $5000 but I've agreed to pay for all these costs. Also, the seller or his attorney has not called out on this provision to cancel (they are incompetent enough to not know off it is my guess) but have simply stopped responding to us and keep saying 'not acceptable' in their emails

My attorney thinks I can sue for them not acting in good faith but isn't sure about the length or the cost of such a lawsuit. Is there a basic lawsuit I can file to establish a lien on her house or should I sue her to bring her to court and force her to sell the house? What are the approximate costs to start the process and what sort of total costs would I be looking at? If it's too large, I may not go ahead with this as I deem my chances to be 50/50

Thanks

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