There were 1,250 Montgomery foreclosure homes for sale with 119 new foreclosures in December 20100. The average selling price of a Montgomery home was $144,257 and the average foreclosure selling price was $84,812, a $59,445 savings, according to

Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 4.71% in December while the number of foreclosed homes increased from 106 in November to 119 in December.

montgomery 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 Foreclosure Geographical Comparison

Montgomery foreclosure activity was 0.08% lower than national statistics. 0.03% higher than
Alabama statistics, and 0.01% lower than Montgomery County for the month of December.

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Montgomery Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 80 homes in November to 72 in Dec. The number of Auctions increased from 26 to 45. There is a 6-month rising trend.

montgomery 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.