Montgomery AL Foreclosure Trends - January 2011
There were 1,381 Montgomery AL foreclosure homes for sale with 129 new foreclosures in January 2011. The average selling price of a Montgomery AL home was $158,604 and the average foreclosure selling price was $71,482 a $87,122 savings, according to RealtyTrac.com.
Foreclosure Activity and 30 Year Interest Rate
Montgomery interest rates averaged 4.76% in January while the number of foreclosed homes increased from 119 in December to 129 in January.
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 foreclosure activity was 0.07% lower than national statistics. 0.05% higher than
Alabama statistics, and the same as Montgomery County for the month of January.
Montgomery AL Foreclosure Activity by Month
The number of Bank-Owned properties decreased from 74 homes in December to 47 in January. The number of Auctions increased from 45 to 82. 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.
As we discussed previously, the rate of foreclosure is rising at breakneck speed all across 
