10 Cities Where You Can Get An Amazing Deal On A Foreclosed Home

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Photo: Paul Weiskel via Flickr

As many as 1.25 million foreclosed homes are expected to enter the market in 2012 as the foreclosure probes end.This tidal wave of foreclosures would give opportunists the chance to get great deals on foreclosed homes. 

RealtyTrac is out with its report on the 10 best places to buy foreclosures in 2012. To draw up the list RealtyTrac considered the 100 largest metro areas with at least 200 foreclosure sale transactions in January 2012.

Note: The list only includes metros where the average foreclosure sales price was at least 30 per cent below the average price of a non-foreclosure home. RealtyTrac also considered unemployment at sales prices in drawing up the list.

Columbus, Ohio

Average foreclosure discount:
31.88%

Average sales price:
$98,223

January 2012 foreclosure sales:
323

per cent of all sales:
21.32%

Source: RealtyTrac

Seattle, Washington

Average foreclosure discount:
34.64%

Average sales price:
$212,565

January 2012 foreclosure sales:
988

per cent of all sales:
33.56%

Source: RealtyTrac

Tucson, Arizona

Average foreclosure discount:
34.72%

Average sales price:
$112,660

January 2012 foreclosure sales:
632

per cent of all sales:
43.20%

Source: RealtyTrac

Charlotte, North Carolina

Average foreclosure discount:
37.56%

Average sales price:
$118,808

January 2012 foreclosure sales:
303

per cent of all sales:
15.85%

Source: RealtyTrac

Cape Coral-Fort Myers, Florida

Average foreclosure discount:
37.77%

Average sales price:
$102,022

January 2012 foreclosure sales:
606

per cent of all sales:
27.01%

Source: RealtyTrac

San Francisco, California

Average foreclosure discount:
38.05%

Average sales price:
$307,803

January 2012 foreclosure sales:
1,995

per cent of all sales:
47.48%

Source: RealtyTrac

Tulsa, Oklahoma

Average foreclosure discount:
38.30%

Average sales price:
$86,725

January 2012 foreclosure sales:
211

per cent of all sales:
22.79%

Source: RealtyTrac

Pittsburgh, Pennsylvania

Average foreclosure discount:
47.95%

Average sales price:
$73,142

January 2012 foreclosure sales:
274

per cent of all sales:
15.33%

Source: RealtyTrac

Boston, Massachusetts

Average foreclosure discount:
48.58%

Average sales price:
$195,672

January 2012 foreclosure sales:
512

per cent of all sales:
18.22%

Source: RealtyTrac

Kansas City, Missouri

Average foreclosure discount:
51.18%

Average sales price:
$73,257

January 2012 foreclosure sales:
353

per cent of all sales:
28.72%

Source: RealtyTrac

Now here are the American cities that are still dealing with a massive foreclosure problem...

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