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Madison County Foreclosure Trends – April 2009

By: Huntsville Real Estate Expert Mike Manosky On May 29, 2009

Madison County foreclosure homes are continuing to rise with 98 new Madison County foreclosure filings in April and 97 filings in March, according to RealtyTrac.com.

Madison County Foreclosure Activity and Home Price Index

Madison County 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. 

Madison County Foreclosure Geographical Comparison

The Madison County foreclosure rate of .13% is slightly above Alabama’s .11% rate, but .14% lower than the National rate.

Madison County Foreclosure Activity Month-by-Month

The amount of pre-foreclosure activity in March and April indicates that the foreclosure crisis is not over with many Madison County families in distress situations.

Are you or someone you know behind on your mortgage payments and facing a Madison County foreclosure? You do have options. A short sale may be the answer to saving you, your fmaily and your home. Give me a call for a private consultation.

Get the value of your Madison County home.

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