Magnolia TX Foreclosure Trends – July 2012

There were 169 Magnolia TX foreclosure homes in July 2012, according to RealtyTrac.com with 1 in every 705 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $231,250 in July, while the average sales price of a Magnolia TX foreclosure home was $118,276, a $112,974 savings.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 27 new foreclosed homes in July while interest rates dropped to 3.55%.

 

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,  0.04% above state figures, and 0.01% above Montgomery County numbers in July.

 

Magnolia TX Foreclosure Activity by Month


The number of bank-owned properties increased from 10 in June to 13 in July, while the number of auctions dropped from at 26 to 14. There is a six month falling 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.