CHEN v. McKENNA

2018-02178, Index No. 708176/16.

181 A.D.3d 577 (2020)

119 N.Y.S.3d 547

2020 NY Slip Op 01483

Jian Chen et al., Appellants-Respondents, v. Patrick McKenna, Respondent-Appellant.

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

Decided March 4, 2020.


Ordered that the order is affirmed insofar as appealed and cross-appealed from, without costs or disbursements.

On March 11, 2016, the plaintiffs entered into a contract to purchase real property from the defendant for $945,000, and upon the execution of the contract, they tendered a down payment of $94,500. Pursuant to the contract, the plaintiffs were required to promptly and diligently apply to institutional lenders for a mortgage loan in the amount of $470,000...

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