Magnolia TX Foreclosure Statistics – September 2010

There were 247 Magnolia TX foreclosure homes and 50 new foreclosure filings in September 2010, according to The average sales price of a Magnolia TX home and a Magnolia TX foreclosure home was $205,004.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity increased from 38 to 50 in Sept while interest rates dropped from 4.43% to 4.35%.

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 0.06% above national statistics,  0.20% above state figures, and 0.13% above Montgomery County numbers.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties increased from 13 in August 2010 to 16 in Sept. Auctions increased from 25 to 34. 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.