Wednesday, December 19, 2012

Second Circuit -- Bacolitsas v. 86th and 3rd Owner, LLC

Interstate Land Sales Full Disclosure Act mandates that the description of the lot be sufficient for recordation, not that the document itself be capable of recordation.  Harmless error in the description of the condo being sold is therefore not grounds for rescission of the sale.

Bacolitsas v. 86th and 3rd Owner, LLC
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.