Opened Escrow mid 1987 – Closed Escrow late 1988
The people we bought the lot from dragged their heals on meeting the conditions to close escrow, claiming that the county was slow in granting them the grading permit to do the grading that they had agreed to in the selling price. After a year they aplogized and said if we wanted our deposit back they’d let us out of the agreement. We told them that we didn’t plan to build for at least five years so a long escrow was saving us money.
A few week later they said they’d get the grading done in the next few months and we’d close escrow at that point. So on November 26, 1988 we went out to the lot to celebrate. We found out – years later – that two weeks after we opened escrow with the sellers, they got a much larger offer for the lot from the guy who later bought the lot next to us.
Image: Nov 26, 1988