Lajayi v. Fafiyebi

OPINION

A Superior Court judgment granting specific performance of two real estate purchase and sales agreements is the focus of this appeal. The unexpected rejection of the buyer’s mortgage financing application on the day originally specified for the closing precipitated the demise of contractual relations between the parties. The buyer expeditiously arranged for alternate financing, and attempted to extend the terms of the agreements. The seller, however, maintained that the buyer’s failure to comply with a mortgage contingency provision nullified the agreements. After a jury-waived trial,…