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 RealtyTrac.com.
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.
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 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.
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.
