Magnolia TX Foreclosure Trends – July 2011

There were 157 Magnolia TX foreclosure homes and 18 new foreclosure filings in July 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $270,878 in July while the average sales price of a Magnolia TX foreclosure home was $131,631, a $139,247 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 18 new foreclosed homes in July while interest rates dropped to 4.55%.

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% below national statistics,  the same as state figures, and 0.01% below Montgomery County numbers in July.

 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 8 in June 2011 to 6 in July, while auctions remained at 12. 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.