• Recent Rulings Shake Condominium Market
  • April 4, 2011 | Author: Matthew J. Zangwill
  • Law Firm: Ruskin Moscou Faltischek, P.C. - Uniondale Office
  • It is no surprise that many purchasers of condominium units in the New York metropolitan area want out of their contracts due to the precipitous decline in real estate values, particularly in the new construction arena. Several recent court rulings have afforded purchasers valuable weapons while confounding developers already suffering severe economic pain in this market.