Montgomery AL Foreclosure Trends - August 2011
There were 1,008 Montgomery AL foreclosure homes for sale with 80 new foreclosures in August 2011. The average selling price of a Montgomery AL home was $152,124 and the average foreclosure selling price was $82,798, a $69,326 savings, according to RealtyTrac.com.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
Montgomery interest rates averaged 4.27% in August while the number of foreclosed homes decreased from 92 in July to 80 in August.
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 0.10% lower than national statistics. 0.02% higher than Alabama and the same as Montgomery County statistics for the month of August.
Montgomery AL Foreclosure Activity by Month
The number of Bank-Owned properties decreased from 68 homes in July to 55 in August. The number of Auctions increased from 24 to 25. 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.
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Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.
You can reach Sandra by filling out the online contact form below or give her a call anytime.
