Ed's Blog

There’s good news this week. For the third straight month foreclosure filings have fallen, though they still remain at much higher levels than in 2008. All the same, this is good news for homeowners everywhere.

First and foremost this is good news because it indicates that homeowners in distress have been able to refinance or modify their current mortgages. It’s also good news for homeowners who are current on their mortgage, as fewer foreclosures in an area, help maintain home values, instead of pulling them down.

Let’s keep our fingers crossed that this trend continues through the holiday season and New Year!

Questions? We can always be reached at 415-406-2330, or email me at ecraine@smithcraine.com