SEVERINI v. WALLACE


13 A.D.3d 434 (2004)

785 N.Y.S.2d 50

ROBERT D. SEVERINI et al., Respondents, v. KATHLEEN M. WALLACE, Appellant.

Appellate Division of the Supreme Court of the State of New York, Second Department.

December 13, 2004.


Ordered that the order is affirmed, with costs.

On July 31, 2001, the plaintiffs and the defendant entered into a contract of sale for the defendant's real property located in Garden City. In accordance with the terms of the contract, the plaintiffs, as the purchasers, paid the defendant a down payment of $50,000. The contract contained a mortgage contingency clause which provided that it was "conditioned upon" the plaintiffs securing a mortgage loan commitment covering...

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