Magnolia TX Foreclosure Trends – November 2011

There were 159 Magnolia TX foreclosure homes in November 2011, according to RealtyTrac.com with 1 in every 317 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $192,662 in November while the average sales price of a Magnolia TX foreclosure home was $131,631, a $61,031 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 50 new foreclosed homes in November while interest rates dropped to 3.99%.

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 0.15% above national statistics,  0.22% above state figures, and 0.15% above Montgomery County numbers in November.

 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties increased from 7 in October to 17 in November, while the number of auctions increased from 14 to  33. 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.