Mercure, J.
In this action, plaintiffs seek specific performance of a purchase offer agreement regarding real property owned by defendants. Pursuant to the purchase offer, which the parties signed in May 2001, plaintiffs were to make an initial $1,000 down payment on the property and then pay an additional $169,000 at closing, which was to occur on or before July 31, 2001. The offer was contingent upon plaintiffs obtaining a firm mortgage commitment within 60 days...
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