Additionally, there has been an increase in recorded mortgages. From January 1, 2018 to April 20, 2018, 4,699 mortgages were recorded, which is a 465 increase during the same period in 2017. "The increase in mortgages recorded demonstrates property owners are either refinancing their mortgages or purchasing additional properties in Montgomery County, which is great news for our economy either way," said McClain.
Furthermore, there has been a decrease in sheriff deeds. From January 1, 2018 to April 20, 2018, 470 sheriff deeds were recorded whereas 550 were recorded in 2017. "We know we are moving in the right direction when more citizens are able to hold onto their homes. Currently, foreclosures are occurring less frequently in Montgomery County so we must stay the course to ensure that continues," hopefully reports Recorder McClain.