Magnolia TX Foreclosure Trends – Sept 2011

There were 174 Magnolia TX foreclosure homes in Sept 2011, according to RealtyTrac.com with 1 in every 304 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $219,927 in Sept while the average sales price of a Magnolia TX foreclosure home was $131,631, a $80,680 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 52 new foreclosed homes in Sept while interest rates dropped to 4.11%.

 

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 0.16% above national statistics,  0.23% above state figures, and 0.18% above Montgomery County numbers in Sept.

 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties increased from 6 in August 2011 to 17 in Sept, while the number of auctions increased from 12 to  35. 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 CheckOutShortSales.com and give us a call for a private consultation.