Magnolia TX Foreclosure Statistics – October 2010

There were 272 Magnolia TX foreclosure homes and 37 new foreclosure filings in October 2010, according to The average sales price of a Magnolia TX home and a Magnolia TX foreclosure home was $209,151.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity decreased from 50 to 37 in October while interest rates dropped from 4.35% to 4.23%.

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 0.02% below national statistics,  0.10% above state figures, and 0.06% above Montgomery County numbers.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 16 in Sept 2010 to 12 in Oct. while auctions decreased from 34 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.