RealtyTrac Lists Metros With Big Discounts on Foreclosures - | ArmandoMontelongo.com

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RealtyTrac Lists Metros With Big Discounts on Foreclosures

In almost a dozen metro areas across the nation, foreclosed properties sold for at least 50 percent less than homes not in foreclosure in the third quarter, according to a new report.

RealtyTrac, which tracks and studies foreclosures, identified 11 markets where the discounts were the steepest. They range from expensive metro areas like Bridgeport, Conn., to places where values have dropped significantly, like Saginaw, Mich.

The data was part of the company’s quarterly report on foreclosures nationwide.

Here are the metro areas on the list, ranked by the percentage discount off non-foreclosures. The table also includes the average sale price for foreclosed properties in the metro area:

What do you think? Are these good opportunities for real estate investors? Feel free to leave your comments.

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