Corcoran Found Negligent in Park Slope Condo Sale
What do you do if you’re trying to sell an apartment with water leaks but don’t want potential buyers to know? Just make sure not to show it on rainy days! That’s the tactic some Corcoran agents were accused of in a suit involving the sale of a condo unit at 357 4th Street in…
What do you do if you’re trying to sell an apartment with water leaks but don’t want potential buyers to know? Just make sure not to show it on rainy days! That’s the tactic some Corcoran agents were accused of in a suit involving the sale of a condo unit at 357 4th Street in Park Slope, and now the firm itself has been found “grossly negligent” and fined $35,000 by the judge in the case for failing to preserve and hand over emails that would allegedly confirm that Corcoran agents cancelled appointments on rainy days. Meanwhile, the case itself, which involves almost a million dollars in potential construction fixes and total damages of $5 million, continues on.
State Supreme Court Rules Corcoran “Negligent” [TRD]
E-mail Shows Couple’s Suit vs. Corcoran Group Holds Water [NYDN]
this falls under the category of duh on the buyer’s/renters behalf.
it’s like people who move to the ghetto in the middle of winter and then when summer nyc summer days come they bug out!
do your research! your plopping down good money! of course sellers/agents/brokers are gonna be shady, that’s the nature of the industry.
*rob*
I’m surprised that the verdict came back “negligent” rather than “fraudulent”
Right, i don’t know why an inspection wouldn’t have uncovered the problem. A water leak is pretty pervasive.
I wonder if the couple got an engineers report before they brought the place. If the agents couldn’t show the place in the rain, do you think and engineer would have caught something?
One has to believe that there are more of these incriminating emails coming down the pike. I guess it really comes down to senior management with cocky “cowboy” attitudes. Office managers should really have to justify their salaries and attitudes. At the very least watching for these problems or at least instruct the agents/brokers not to engage in such gamesmanship. Who actually knows who is directing the gamesmanship. There are two sides to the blade and the party who gets burned ultimately has the last laugh and prevails.
880K to fix the construction defects? That’s probably double the budget to rehab this wreck to begin with.
This (and the mortgage problem) is another reason to avoid 2-4 family co-ops or condos.
🙁
wait a sec…
you’re telling me I bought a condo in a house built WHEN?!?!?!?!