Magnolia TX Foreclosure Trends – April 2011

There were 189 Magnolia TX foreclosure homes and 27 new foreclosure filings in April 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $249,893 in April while the average sales price of a Magnolia TX foreclosure home was $192,109.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity decreased from 34 to 27 homes in April while interest rates remained at 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 the same as national statistics,  0.08% above state figures, and 0.03% above Montgomery County numbers in April.

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 14 in March 2011 to 12 in April, while auctions dropped from 20 to 15. 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.