Magnolia TX Foreclosure Statistics – July 2010

There were 235 Magnolia TX foreclosure homes and 44 new foreclosure filings in July 2010, according to The average sales price of a Magnolia TX home was $240,518 while the average sales price of a foreclosure home was $205,526, a $34,992 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity decreased from 54 to 44 in July while interest rates dropped from 4.74% to 4.56%.

Magnolia TX foreclosure activity is based on total number of properties that receive foreclosure filings…default notice, foreclosure auction notice or bank repossession…each month. Interest rate is based on average 30-year fixed rate from Freddie Mac’s Primary Mortgage Market Survey.

Magnolia TX Foreclosure Geographical Comparison

Magnolia TX foreclosures were 0.04% above national statistics,  0.17% above state figures, and 0.10% above Montgomery County numbers.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties increased 17 in June 2010 to 23 in July. Auctions dropped from 37 to 21. There is a six month rising trend.

Are you or someone you know behind on mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and even some of your credit. Visit and give us a call for a private consultation.