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Glantzis v. Padilla

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eBook details

  • Title: Glantzis v. Padilla
  • Author : Kings County Supreme Court
  • Release Date : January 03, 2004
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 55 KB

Description

In 1973, Felix Padilla Jr. returned from serving in Vietnam. His father, working as a handyman learned from a lawyer, Irving Perelstein that a vacate, dilapidated building was available for sale. That led to the broker who held the listing and then back to the lawyer who drew a contract which provided for a purchased price of $16,000.00, $3,000.00 cash and a ten year mortgage of $154.32 per month. No closing took place. The Padillas were told by Perelstein that they should continue to paid the $154.32 plus escrow deposits, making a total of $225.00, and they would get a deed at the end of the ten year period. The Padillas moved in and made extensive repairs.


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