Orlando FL Foreclosure Trends – February 2012
April 3rd, 2012 by tisnerThere were 11,903 Orlando FL foreclosure homes in February 2012, according to RealtyTrac.com. 1 in every 1,171 housing units received a foreclosure filing. The average sales price of an Orlando home was $119,371 and the average sales price of a foreclosure home was $97,197, a $22,174 savings.
Orlando FL Foreclosure Activity and 30 Year Interest Rate
The interest rate on a 30 year mortgage was 3.89% in February and there were 1,171 new foreclosures compared to 1,459 new foreclosures in January.
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.
Orlando FL Foreclosure Geographical Comparison
Orlando FL foreclosures were 0.15% above national statistics, 0.02% above Florida figures and the same as Orange County numbers in February.
Orlando FL Foreclosure Activity by Month
Orlando FL foreclosure activity is falling. The number of Bank-owned homes fell in February from 722 homes to 367. The number of auctions increased from 169 to 235 and Pre-foreclosure acitivity rose from 568 to 569 homes.
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