Montgomery Foreclosure Trends - August 2010

There were 1,150 Montgomery foreclosure homes for sale with 109 new foreclosures in August 2010. The average selling price of a Montgomery home was $159,208 and the average foreclosure selling price was $67,718, a $91,490 savings, according to RealtyTrac.com.

Montgomery Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in June while the number of new Montgomery foreclosure homes increased to 109.

Montgomery foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Montgomery Foreclosure Geographical Comparison

Montgomery foreclosure activity was 0.16% lower than national statistics and 0.01% higher than Alabama statistics for the month of August.

Montgomery Foreclosure Activity by Month

The number of Bank-Owned properties increased from 63 homes in July to 72 in August. The number of Auctions decreased from 61 to 37. The 6-month trend reflects a fall in Montgomery foreclosures.

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.