10 Best Places to Buy a Foreclosure in 2013

10 Best Places to Buy a Foreclosure in 2013

DAILY REAL ESTATE NEWS | THURSDAY, JANUARY 31, 2013
If you’re looking for big foreclosure deals, Florida may offer the most, according to a a new study by RealtyTrac. Palm Bay, Fla., topped its list of the best places to buy a foreclosure in 2013. Foreclosures accounted for nearly 24 percent of all sales in Palm Bay last year, and buyers tended to pay 28 percent less for a home in foreclosure than other homes.

The following are the markets with the high number of foreclosures available and some of the largest price discounts for foreclosures, according to RealtyTrac.

Palm Bay, Fla.
Average foreclosure discount: 28 percent

Rochester, N.Y.
Average foreclosure discount: 26 percent

Albany, N.Y.
Average foreclosure discount: 35 percent

New York City
Average foreclosure discount: 40 percent

Lakeland, Fla.
Average foreclosure discount: 15 percent

Tampa, Fla.
Average foreclosure discount: 27 percent

Jacksonville, Fla.
Average foreclosure discount: 32 percent

Poughkeepsie, N.Y.
Average foreclosure discount: 28 percent

Orlando, Fla.
Average foreclosure discount: 19 percent

Chicago
Average foreclosure discount: 46 percent

Source: “Best Places to Buy Foreclosures,” CNNMoney (Jan. 31, 2013)
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