The plaintiffs brought a motion for summary judgment against the defendant for breach of an agreement of purchase and sale of a residential property.
The defendant failed to close the transaction after multiple extensions and amendments.
The plaintiffs subsequently resold the property at a lower price and sought damages for the difference, carrying costs, and forfeiture of deposits.
The court granted summary judgment, finding no genuine issue for trial regarding the defendant's breach, the plaintiffs' reasonable mitigation efforts, and the calculation of damages.
The plaintiffs were awarded $806,380.59, with the $150,000 in forfeited deposits credited towards the judgment.
