Magnolia TX Foreclosure Trends – December 2010

There were 251 Magnolia TX foreclosure homes and 38 new foreclosure filings in December 2010, according to The average sales price of a Magnolia TX home and a Magnolia TX foreclosure home was $204,670.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity decreased from 64 to 38 in December while interest rates increased from 4.30% to 4.71%.

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 0.05% above national statistics,  0.13% above state figures, and 0.08% above Montgomery County numbers in December.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 24 in November 2010 to 21 in December while auctions decreased from 40 to 17. 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.