Before You Buy, Check Out Top 10 Foreclosure Discount States


Here are the 10 states where foreclosed properties were offered at the biggest discount from market price during 2010, according to

1. Ohio, 43 percent discount

2. Kentucky, 40 percent discount

3. Tennessee, 35 percent discount

4. California, 35 percent discount

5. Pennsylvania, 35 percent discount

6. Illinois, 35 percent discount

7. New Jersey, 35 percent discount

8. Michigan, 35 percent discount

9. Georgia, 35 percent discount

10. Wisconsin, 35 percent discount

Even in states that don't make this list, there are some tremendous markdowns on houses that have been through foreclosure and are now bank-owned. Our friends at assembled a few dramatic examples from the different parts of the country for us. Check them out:

Mountain : Northeast Colorado Springs

4 bedroom, 2 bath house for sale for $102,900

29.8 percent below its December 2007 sale price

40.5 percent below Zillow's median home value for Colorado Springs of $173,000.

Western area: Indio, Calif.

8-year-old house for sale for $109,000

70.5 percent below its December 2004 sale price

36.5 percent below Zillow's median home value for Indio of $171,600

Midwest: Yorkville, Ill.

Builder's model townhouse for sale for $119,900

22.3 percent below its April 2010 list price

37.6 percent below Zillow's median home value for Yorkville of $192,100

South: Columbia, S.C.

Gracious 3 bedroom for sale for $64,000

27.8 percent below its August 1998 sale price

48.8 percent below Zillow's median home value for Columbia of $126,700

Northeast: Swoyersville, Penn.

Charming traditional home for sale for $52,000

45.5 percent below Zillow's "Zestimate" of its value

43.1 percent below Zillow's median home value for Swoyersville of $93,000

Northeast: West Brookfield, Mass.

Spacious contemporary for sale for $134,900

65.7 percent below its June 2010 sale price

21.9 percent below Zillow's median home value for West Brookfield of $172,700

Click HERE to learn more about buying foreclosed homes.

Click HERE to learn how to find foreclosures in your area.

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