Thread: Farm Island
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Old 02-23-2020, 12:30 PM   #193
CowTimes
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Quote:
Originally Posted by chasedawg View Post
Good guess. Closing won't happen until after the courts ruling. Court date is sometime in March.
There has to be something else going on here. The buyer publicly disclosed at a planning board meeting that the contingency for the regulatory approvals was to have expired a month or two ago. Sellers will typically have expiration dates for the contingency so they are not beholden to the buyer if things, as here, get held up for whatever reason. I thought Camp Belknap would have been under contract already since they were supposedly ready and willing to offer a higher price once the current deal’s contingency period expired.
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