What's a 'time of the essence' letter and when is it useful?

… a buyer or seller trying to get a deal done in New York City right now its very possible the closing has been … caused by the pandemic and a delay can potentially jeopardize the deal entirely Thats where a time of the essence letter comes into play  Typically a closing date in a contract is …

By Emily Myers |May 21, 2020 - 2:30PM
Can you back out of a contract to buy because of coronavirus—and keep your deposit? It depends

… In February Mallory Johnson a pseudonym went into contract for a one bedroom … who do not want to move forward Many fear losing their jobs which is no surprise considering the staggering … one in five working New Yorkers is expected to lose their job by the end of June with the unemployment rate hitting 21 …

By Jennifer White Karp |May 14, 2020 - 9:45AM