Montgomery AL Foreclosure Trends - August 2012
There were 792 Montgomery AL foreclosure homes for sale with 1 in every 1,295 housing units receiving a foreclosure filing in August 2012. The average selling price of a Montgomery AL home was $90,545 and the average foreclosure selling price was $81,953, a $8,611 savings according to RealtyTrac.com.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
Montgomery interest rates averaged 3.60% in August while the number of foreclosed homes dropped from 104 to 76.
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 0.07% lower than national statistics, 0.01% lower than Alabama and 0.01% higher than Montgomery County statistics in August 2012.
Montgomery AL Foreclosure Activity by Month
The number of Bank-Owned properties decreased from 66 homes in July to 18 in August. The number of Auctions rose from 38 to 55. There is a 6-month falling trend.
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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.
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