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Home / Opinion Digests / Civil Procedure – Condo Purchase Rescission – Interstate Land Disclosure Act (access required)

Civil Procedure – Condo Purchase Rescission – Interstate Land Disclosure Act (access required)

In this suit to rescind condominium purchases based on a decline in the value of the property between the date plaintiffs agreed to buy and the closing date, an Alexandria U.S. District Court says plaintiffs are not entitled to automatic revocation, but they may seek return of their deposits and rescission of the sales contracts ...