Montgomery AL Foreclosure Trends - May 2013
There are currently 557 properties in Montgomery, AL that are in some stage of foreclosure (default, auction or bank owned), according to RealtyTrac.com.
In May, the number of properties that received a foreclosure filing in Montgomery, AL was 88% higher than the previous month and 14% higher than the same time last year.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
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 0.04% higher than national statistics, 0.08% higher than Alabama and 0.01% higher than Montgomery County statistics in May 2013.
Montgomery AL Foreclosure Activity by Month
The number of Bank-Owned properties increased 316.7% compared to April and increased 138.1% compared to May 2012. The number of Auctions decreased 17.3% compared to April and 48.2% from May 2012.
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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