Summary
In Farrell v. Lane Residential, Inc., 13 Misc 3d 1239 (A), 2006 NY Slip Op 52173(U), *6 (Sup Ct, Broome County 2006), the court noted that while the principle of market stigma is typically discussed within the context of environmental contamination, damages may be proper for the diminution in the fair market value of real property caused by fear of past contamination or past construction defects, even after said defects are corrected.
Summary of this case from Shackman v. 400 E. 85th St. Realty Corp.Opinion
November 14, 2006.
Vendor and Purchaser — Contract for Sale of Newly Constructed Home. General Business Law — § 777-a (Housing merchant implied warranty).