Magnolia TX Foreclosure Statistics – August 2010

There were 226 Magnolia TX foreclosure homes and 38 new foreclosure filings in August 2010, according to The average sales price of a Magnolia TX home was $222,871 while the average sales price of a foreclosure home was $151,510, a $71,361 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity decreased from 44 to 38 in August while interest rates dropped from 4.56% to 4.43%.

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 0.01% below national statistics,  0.10% above state figures, and 0.04% above Montgomery County numbers.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 23 in July 2010 to 13 in August. Auctions increased from 21 to 25. 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.