Montgomery AL Foreclosure Trends - May 2011

Montgomery AL Foreclosure Trends - May 2011

There were 1,161 Montgomery AL foreclosure homes for sale with 111 new foreclosures in May 2011. The average selling price of a Montgomery AL home was $120,478 and the average foreclosure selling price was $115,922 a $4,556 savings, according to

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 4.64% in May while the number of foreclosed homes decreased from 171 in April to 111 in May.

montgomery al foreclosure

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 0.06% lower than national statistics. 0.04% higher than Alabama and the same as Montgomery County statistics for the month of May.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 121 homes in April to 52 in May. The number of Auctions increased from 50 to 59. There is a 6-month rising trend.

montgomery al foreclosure

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.

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