Magnolia TX Foreclosure Trends – March 2011

There were 184 Magnolia TX foreclosure homes and 34 new foreclosure filings in March 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $242,434 in March while the average sales price of a Magnolia TX foreclosure home was $181,508.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity decreased from 42 to 34 homes in March while interest rates decreased from 4.95% to 4.84%.
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 0.03% above national statistics,  0.10% above state figures, and 0.08% above Montgomery County numbers in March.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties increased from 12 in February 2011 to 14 in March while auctions dropped from 30 to 20. There is a six month falling 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 CheckOutShortSales.com and give us a call for a private consultation.