In an earlier post on this site, When the Seller’s Lawyer Holds the Escrow Deposit, I discussed the risks that arise when one party’s attorney controls escrow funds that are supposed to remain neutral. A related lesson follows naturally: when lawyers hold the escrow deposit, the choice of your own lawyer becomes especially important if the deal is falling apart. A 2017 Bronx County Supreme Court decision, 2125‑27 Williamsbridge LLC v. 2125 Williamsbridge Realty LLC, illustrates why. The…
