10 States Where Homebuyers Are Saving Big On Foreclosed Homes

198,853 properties received foreclosures filings  in March, down 17 percent from a year ago. And many warn that a tidal wave of foreclosures coming this year.

These foreclosed homes often sell at significant discounts to similar homes that weren't foreclosed on.

In its latest foreclosure report, RealtyTrac has identified the 10 states with the highest foreclosure savings rates in March. These savings were measured by comparing average sales prices with average foreclosure sales price.

North Carolina

Foreclosure savings:
33%

Avg. foreclosure sales price:
$107,911

1 in every 1,710 housing units received a foreclosure filing in March 2012

Source: RealtyTrac

Tennessee

Foreclosure savings:
33%

Avg. foreclosure sales price:
$94,864

1 in every 1,080 housing units received a foreclosure filing in March 2012

Source: RealtyTrac

New Jersey

Foreclosure savings:
34%

Avg. foreclosure sales price:
$209,609

1 in every 1,584 housing units received a foreclosure filing in March 2012

Source: RealtyTrac

Please follow Money Game on Twitter and Facebook.

See Also:

• 14 States That Continue To Get Crushed By Foreclosures
• March PPI Flat; Core Beats Expectations
• Nearly 1,000 Greeks Are Losing Their Jobs Each Day