Montgomery AL Foreclosure Trends - June 2011
There were 1,098 Montgomery AL foreclosure homes for sale with 100 new foreclosures in June 2011. The average selling price of a Montgomery AL home was $129,246 and the average foreclosure selling price was $71,141 a $58,105 savings, according to RealtyTrac.com.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
Montgomery interest rates averaged 4.64% in June while the number of foreclosed homes decreased from 111 in May to 100 in June.
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.
Montgomery AL Foreclosure Geographical Comparison
Montgomery AL foreclosure activity was 0.07% lower than national statistics. 0.03% higher than Alabama and the same as Montgomery County statistics for the month of June.
Montgomery AL Foreclosure Activity by Month
The number of Bank-Owned properties increased from 52 homes in May to 64 in June. The number of Auctions decreased from 59 to 36. There is a 6-month falling trend.
Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.
