Magnolia TX Foreclosure Trends – Dec 2011

There were 173 Magnolia TX foreclosure homes in December 2011, according to RealtyTrac.com with 1 in every 528 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $235,159 in December while the average sales price of a Magnolia TX foreclosure home was $144,258, a $90,901 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 30 new foreclosed homes in December while interest rates dropped to 3.96%.

 

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 0.05% above Montgomery County numbers in December.

 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 17 in November to 15 in December, while the number of auctions decreased from 33 to  15. 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.