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  • Mandatory Closing Provisions Strictly Enforced in Real Estate Purchase Contracts

    Geoff Trachtenberg | March 11, 2008 12:41 PM | 0 Comments
    Category: Miscellaneous

    That hissing sound you hear is not just air coming out of the real estate bubble, it's the folks at Mining Investment Group, LLC ("MIG") who today learned the importance of a mandatory closing date where a contract specifies that "time is of the essence." The case, Mining Investment Group, LLC v. Roberts, shows just how strictly the courts will interpret real estate purchase contracts - indeed,...

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