HOME BUYING: The Best Foreclosure Bargins In America (CNBC)

The turmoil in the US housing market has been punctuated with a wave of residential foreclosures. With sellers looking to offload foreclosed properties, often at a loss, the discounted prices have been identified as potentially profitable investments by speculators betting on a housing rebound. But across the country, where are the best opportunities?

According to analysis recently compiled by real estate website Zillow.com , some cities around the US offer significantly better prices for foreclosed homes than others. By comparing the median price of a foreclosed home to the median price of a non-foreclosed home, Zillow calculated the cities with the largest average discount when purchasing a residential property under foreclosure.

So, what are the best cities to buy a foreclosed home? The results may surprise you. Click ahead for the list!

FOR CONTINUATION OF THIS ARTICLE, CLICK THIS LINK FOR CNBC: The Best US Cities to Buy a Foreclosed Home – CNBC.

Posted by Man In The Middle on Feb 8th, 2010 and filed under Advice, Credit & Debt, Economy, Family, Family Finances, Family News, Foreclosures, General Advice, Housing, Latest News, Money, News, Politics, The States. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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