LC Valley Foreclosure Resistance

Another response to the too often used fear tactic, "The Sky is Falling!" was printed in our Lewiston Morning Tribune Sunday, September 30th. Again, the headlines piqued my interest when the article gave statistics about our local real estate market in regards to foreclosures in our area.

The subtitle stated, "As number of homeowner defaults rise across the nation, local experts say variety of factors combine to insulate regional economy from the ripple effect."

Hooray! In our LC Valley there were more foreclosures in 2003 (a total of 35) than in 2007 (a total of 29).

The sky is not falling in the real estate market in the LC Valley! Our local lenders did not embrace the variable rate loans with teaser rates, which are the ones that have plummeted many home buyers into the negative cash flow position that has brought the national foreclosure rates to all time highs.

Another reason I love living in the LC Valley: our business ethics are win-win for the client's best interest. We thrive on building relationships, happy clients, and referrals from friends and families for a job well done. We smile and say hello at the grocery stores. It is still okay to talk to strangers. Small town living becomes more desirable to me weekly, and the sky here is big, open, and usually blue.