Magnolia TX Foreclosure Trends – May 2012

There were 181 Magnolia TX foreclosure homes in May 2012, according to RealtyTrac.com with 1 in every 476 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $197,133 in Maywhile the average sales price of a Magnolia TX foreclosure home was $118,276, a $78,857 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 40 new foreclosed homes in May while interest rates dropped to 3.80%.

 

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 0.06% above national statistics,  0.10% above state figures, and 0.06% above Montgomery County numbers in May.

 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 19 in April to 17 in May, while the number of auctions remained at 23. 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.