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Orlando FL Foreclosure Trends – October 2011

December 6th, 2011 by tisner

There were 10,317 Orlando FL foreclosure homes in October, 2011, according to 1 in every 1,961 housing units received a foreclosure filing. The average sales price of an Orlando home was $121,127 and the average sales price of a foreclosure home was $102,742, a $96,284 savings.

Orlando FL Foreclosure Activity and 30 Year Interest Rate

The interest rate on a 30 year mortgage was 4.07% in October and there were 1,961 new foreclosures.

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 0.37% above national statistics, 0.18% above Florida figures and 0.03% above Orange County numbers in October.

Orlando FL Foreclosure Activity by Month

Orlando FL foreclosure activity is rising. The number of Bank-owned jumped in October from 462 homes to 508. The number of auctions increased from 479 to 744 and Pre-foreclosure acitivity rose from 580 to 709 homes.

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