Magnolia TX Foreclosure Trends – January 2012

There were 153 Magnolia TX foreclosure homes in January 2012, according to RealtyTrac.com with 1 in every 634 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $235,159 in January 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 January while interest rates dropped to 3.92%.

 

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,  0.07% above state figures, and 0.03% above Montgomery County numbers in January.

 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 15 in December to 8 in January, while the number of auctions increased from 15 to  22. 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.