Financial potholes on way to your dream house - 2004-02-23
The home of your dreams is only a dream until you have a contract signed by both the buyer and the seller. That is the harsh reality of home-purchasing in New York.
Until the contract is signed, a seller can legally back out of a deal with a prospective buyer - even if the buyer has already spent money on inspections, mortgage applications or property appraisals.
Read the full story at New York Daily News