Magnolia TX Foreclosure Trends – January 2011

There were 272 Magnolia TX foreclosure homes and 57 new foreclosure filings in January 2011, according to The average sales price of a Magnolia TX home was $162,417 in January while the average sales price of a Magnolia TX foreclosure home was $206,934.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity increased from 38 to 57 homes in January while interest rates increased from 4.71% to 4.76%.

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 0.17% above national statistics,  0.21% above state figures, and 0.11% above Montgomery County numbers in January.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 21 in December 2010 to 11 in January while auctions climbed from 17 to 46. 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.