According to data presented by RealtyTrac’s latest foreclosure report, foreclosure filings have increased from September by 3 percent in October.
In a recent press release, Daren Blomquist vice president of RealtyTrac, said: “We continued to see vastly different foreclosure trends across the country in October, depending primarily on how each state’s foreclosing infrastructure was able to handle the high volume of delinquent loans during the worst of the foreclosure crisis in 2010”.
It is reported that “1 in every 706 homes received a foreclosure filing in October,” and RI ranks as an advantageous investment market for home buyers. Why?
Rhode Island is one of ten states to offer the highest discounts on foreclosed properties. According to this data report, Rhode Island offers 43 percent in foreclosure savings as data shows that 1 in every 1,1176 foreclosure filings in October 2012. However, it must be noted that savings percentages are measured by comparing average sales prices with average foreclosure sales prices.
Article source: “10 States Where You Can Get Amazing Deals On Foreclosed Homes” – Business Insider