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Bronx home buyer loses $1 million lawsuit after seeking $270,000 price cut

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A New York man made a cash offer on a rundown house in the Bronx, agreeing to purchase it in its existing condition. Just days before closing, he discovered further problems and asked the seller for a substantial price reduction. The seller refused, pointing to the terms of the contract and the property condition disclosures provided earlier. The buyer's subsequent lawsuit, which sought damages of about $1 million, was unsuccessful.

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