The plaintiff developer brought a motion for summary judgment against the defendant purchasers for breach of an agreement of purchase and sale for a residential property.
The defendants failed to close the transaction after requesting multiple extensions and failing to secure financing.
The court found no genuine issue requiring a trial, rejecting the defendants' arguments regarding alleged misrepresentations and property valuation.
The plaintiff was awarded $381,971.72 in damages, representing the difference in resale price and carrying costs, plus $22,000 in costs.
