Magnolia TX Foreclosure Trends – March 2013

In March, the number of properties that received a foreclosure filing in Magnolia, TX was 23% lower  than the previous month and 77% lower than the same time last year, according to

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

The number of new foreclosure filings compared to the 30-year interest rate.

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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 0.07% below national statistics,  the same as state figures, and 0.01% below Montgomery County numbers in March.

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Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased 71.4% from February and 88.2% from the previous year. The number of auctions increased 33.3% from February and dropped 74.0% from the previous year.

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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.

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Whether you are new to the Magnolia Texas real estate market, thinking of moving up, or you’re an experienced investor, Pam Sitterly has the expertise, proven track record, and resources to help you buy Magnolia TX real estate for sale or market Magnolia TX homes for sale. Enthusiasm, knowledge of the area and personal concern for her client’s interests combine to make Pam an outstanding resource for your real estate transactions.

Pam works extensively to help Buyers and Sellers meet their Magnolia Texas real estate goals. For more information about buying or selling your Magnolia TX home, please call Pam at 281-723-0324 or via email with this convenient contact form.