Home Front: Condo renter beats bureaucracy to win battle to buy
Happy endings are rare in the midst of a housing meltdown.
But today Donna McCain at last sits in her own home near Sacramento, a condo she rented for five years and tried for 18 months to buy.
“What a gift. What a gift,” she said Tuesday when escrow closed. Wednesday, she fixed tea and tried to relax, thinking about how she might rearrange furniture.
In the best of times, problems with mom and pop sellers can discourage homebuyers. But in these wildest, worst of times, when distant, overwhelmed financial institutions control the housing market, it gets horrific.