MagnoliaTX Foreclosure Trends – June 2012

There were 186 Magnolia TX foreclosure homes in June 2012, according to with 1 in every 529 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $144,940 in June, while the average sales price of a Magnolia TX foreclosure home was $118,276, a $26,664 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 36 new foreclosed homes in June while interest rates dropped to 3.68%.


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 0.04% above national statistics,  0.10% above state figures, and 0.06% above Montgomery County numbers in June.


Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 17 in May to 10 in June, while the number of auctions rose from at 23 to 26. 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 and give us a call for a private consultation.