There’s a phrase in the real estate industry that you hear in most housing markets outside of New York City. It is “procuring cause,” and so arrested is my development that the words make me want to giggle.
But procuring cause is no laughing matter.
Nor is it as arcane as you might imagine. Yet the only reference I could find in my 390-page text on New York real estate was its definition in the glossary:
The basis for a direct action that results in successfully completing an objective.
In common parlance relating to real estate, the phrase implies (more…)