Ever since the financial crisis hit, the Attorney General’s office has dealt with hundreds and hundreds of condo escrow disputes. And you know what, enough is enough. If you want to argue about whether or not the developer delivered on the terms promised in the contract and deserves to keep your deposit, well you are going to have to take your legal bickering elsewhere.
The Real Deal reports that the Eric Schneiderman’s office isn’t going to resolve any more condo disputes—which generally arise from changes to plans, delayed delivery dates, construction defects or buyers simply changing their mind and trying to back out of deals—any more. People are going to have to settle their legal claims in state and federal court. Read More