A New Lease-Purchase on Life

For Homes That Aren't Selling, It Is An Option, but Risky

The timing was all off for Catherine McAlpine and her family.

She and her husband, Richard Eig, bought a house on a double lot in their Rockville neighborhood in September 2006, at the high-water mark for prices. They planned to renovate the house and sell it, and build a house for themselves on the extra lot.

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