10 States Where Foreclosure Deals Are Everywhere
By Mamta Badkar
One in every 706 homes received a foreclosure filing in October, according to RealtyTrac's latest foreclosure report.
These foreclosed homes often sell at significant discounts to similar non-distressed homes.
We drew on RealtyTrac's report to highlight the 10 states with the highest discounts on foreclosed homes. (See RealtyTrac's foreclosure heat map here.)
Note: Savings are measured by comparing average sales prices with average foreclosure sales prices.
1. MARYLAND
Foreclosure savings: 43 percent
Avg. foreclosure sales price: $168,318
Worst county: Charles
1 in every 1,562 housing units received a foreclosure filing in October 2012
2. RHODE ISLAND
Foreclosure savings: 43 percent
Avg. foreclosure sales price: $124,071
Worst county: Providence
1 in every 1,176 housing units received a foreclosure filing in October 2012
3. PENNSYLVANIA
Foreclosure savings: 43 percent
Avg. foreclosure sales price: $99,514
Worst county: Delaware
1 in every 1,368 housing units received a foreclosure filing in October 2012
4. CONNECTICUT
Foreclosure savings: 45 percent
Avg. foreclosure sales price: $178,906
Worst county: New Haven
1 in every 825 housing units received a foreclosure filing in October 2012
5. MASSACHUSETTS
Foreclosure savings: 46 percent
Avg. foreclosure sales price: $196,593
Worst county: Plymouth
1 in every 914 housing units received a foreclosure filing in October 2012
6. OHIO
Foreclosure savings: 46 percent
Avg. foreclosure sales price: $72,063
Worst county: Stark
1 in every 476 housing units received a foreclosure filing in October 2012
7. MICHIGAN
Foreclosure savings: 47 percent
Avg. foreclosure sales price: $56,011
Worst county: Wayne
1 in every 607 housing units received a foreclosure filing in October 2012
8. ILLINOIS
Foreclosure savings: 48 percent
Avg. foreclosure sales price: $116,453
Worst county: Kendall
1 in every 356 housing units received a foreclosure filing in October 2012
9. NEBRASKA
Foreclosure savings: 49 percent
Avg. foreclosure sales price: $79,380
Worst county: Kimball
1 in every 4,427 housing units received a foreclosure filing in October 2012
10. LOUISIANA
Foreclosure savings: 50 percent
Avg. foreclosure sales price: $91,291
Worst county: Saint Tammany
1 in every 1,171 housing units received a foreclosure filing in October 2012
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