12 Cities Where You Can Get Great Deals On Foreclosures In 2013

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Foreclosure activity increased in 120 of the 212 biggest metropolitan real estates, according to RealtyTrac’s latest foreclosure report.Foreclosure activity increased in eight of the 20 largest metros in the country, said the report, led by Tampa, Miami, Baltimore, Chicago and New York.

Florida cities accounted for eight of the top 20 foreclosure rates in the country.

We drew on the report to highlight the 12 metros with foreclosure savings higher than 30 per cent.

Tampa-St. Petersburg-Clearwater, Florida

Foreclosure savings:
26.64 per cent

Time to sell existing inventory:
32 months

Foreclosures activity increased by 80.16% on the year in 2012.

Source: RealtyTrac

Albany-Schenectady-Troy, New York

Foreclosure savings:
28.05 per cent

Time to sell existing inventory:
86 months

Foreclosures activity increased by 107.72% on the year in 2012.

Source: RealtyTrac

Jacksonville, Florida

Foreclosure savings:
32.29 per cent

Time to sell existing inventory:
34 months

Foreclosures activity increased by 51.36% on the year in 2012.

Source: RealtyTrac

Youngstown-Warren-Boardman, Ohio

Foreclosure savings:
32.63 per cent

Time to sell existing inventory:
61 months

Foreclosures activity increased by 15.32% on the year in 2012.

Source: RealtyTrac

Indianapolis-Carmel, Indiana

Foreclosure savings:
35.51 per cent

Time to sell existing inventory:
26 months

Foreclosures activity increased by 38.04% on the year in 2012.

Source: RealtyTrac

Allentown-Bethlehem-Easton, Pennsylvania

Foreclosure savings:
39.70 per cent

Time to sell existing inventory:
34 months

Foreclosures activity increased by 37.21 per cent on the year in 2012.

Source: RealtyTrac

New York-Northern New Jersey-Long Island, NY-NJ-PA

Foreclosure savings:
40.35 per cent

Time to sell existing inventory:
97 months

Foreclosures activity increased by 27.91 per cent on the year in 2012.

Source: RealtyTrac

New Haven-Milford, Connecticut

Foreclosure savings:
41.87 per cent

Time to sell existing inventory:
9 months

Foreclosures activity increased by 54.18 per cent on the year in 2012.

Source: RealtyTrac

Philadelphia-Camden-Wilmington, Pennsylvania

Foreclosure savings:
43.17 per cent

Time to sell existing inventory:
42 months

Foreclosures activity increased by 27.01 per cent on the year in 2012.

Source: RealtyTrac

Chicago-Naperville-Joliet, Illinois

Foreclosure savings:
46.03 per cent

Time to sell existing inventory:
36 months

Foreclosures activity increased by 30.21 per cent on the year in 2012.

Source: RealtyTrac

Cleveland-Elyria-Mentor, Ohio

Foreclosure savings:
46.97 per cent

Time to sell existing inventory:
32 months

Foreclosures activity increased by 18.83 per cent on the year in 2012.

Source: RealtyTrac

Bridgeport-Stamford-Norwalk, Connecticut

Foreclosure savings:
52.22 per cent

Time to sell existing inventory:
10 months

Foreclosures activity increased by 49.37 per cent on the year in 2012.

Source: RealtyTrac

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