Lease-Option House in EscrowPosted on Friday, September 7th, 2007 at 6:08am.
Are they in escrow now, less than 3 weeks after hitting the MLS? Yes, they are.
Are we surprised? Yes.
Are we happy for the flippers who rebuilt this house, though they made some questionable decisions? Yes.
How many SFRs sold in the Sand Section in August? Three (3).
And in September, so far? Zero.
Do we concur with this comment on the previous story, in light of the reported new escrow?
Lease-options like this one could well become more common, particularly if they are internally financed..Yes, even though we don't know yet whether this sale was on the tricky terms offered by the sellers or through more conventional financing.
Will MBC use the self-Q-&-A format in a lot of future stories?
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