My question involves real estate located in the State of: NY and NYC
Hi all, i hope you can help me so that's why i'm here.
Here is my question. My parents have signed a Residential Contract of Sale to sell their house and the closing date is November 1st. They signed the contract September 16th and since then they have changed their mind that this is not the right time to do this and that basically were not informed about all the rules when signing the contract.
They do not speak English very good and from what my father told me when he asked for the closing date to be extended until they are able to find a new house to buy, the lawyer pretend to not understand him and just didn't explain to them anything in the contract and just let them sign it.
Anyway, now, they would like to void the contract and cancel it so they don't have to sell the house. They want to keep it. What can they do to make this contract void? They have not received any money and the closing is set for November 1st. Please let me know as soon as possible, my father has become very depressed over this.