8 Metros With Big Foreclosure Deals

8 Metros With Big Foreclosure Deals

Daily Real Estate News | Friday, February 08, 2013

Foreclosures tend to sell at big discounts compared to other properties. Business Insider culled RealtyTrac data to find metros offering some of the biggest foreclosure deals.
The following eight metros are offering foreclosure savings higher than 45 percent:
Atlanta-Sandy Springs-Marietta, Ga.
Foreclosure savings: 45.64 percent
Average foreclosure sales price: $113,385

Boston-Cambridge-Quincy, Mass.-N.H.
Foreclosure savings: 45.76 percent
Average foreclosure sales price: $231,388

 Toledo, Ohio
Foreclosure savings: 45.91 percent
Average foreclosure sales price: $64,072

Springfield, Mass.
Foreclosure savings: 45.99 percent
Average foreclosure sales price: $115,409

San Francisco-Oakland-Fremont, Calif.
Foreclosure savings: 46.09 percent
Average foreclosure sales price: $350,160
Milwaukee-Waukesha-West Allis, Wis.
Foreclosure savings: 46.55 percent
Average foreclosure sales price: $111,225
Columbus, Ohio
Foreclosure savings: 46.79 percent
Average foreclosure sales price: $99,846
Memphis, Tenn.
Foreclosure savings: 47.82 percent
Average foreclosure sales price: $82,186
Source: “12 Cities Where You Can Buy a Foreclosed Home for Half Price,” Business Insider (February 2013)