The 10 Best Cities to Buy Foreclosures

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More than a quarter of all properties sold are foreclosures according to the latest data from RealtyTrac. That's up from 22 percent in late 2011 and 25 percent about a year ago.

The increase in sales of foreclosures reflects the uptick in buyer interest in those types of properties. Almost two-thirds of house hunters consider foreclosures today, up from just 25 percent a couple of years ago.

What's drawing would-be buyers to foreclosures? It's a combination of factors, but a lot of it has to do with how commonplace foreclosures have become and the deep discounts they offer.

Here's a look at the top 10 best places to buy foreclosures in 2012:

Source: RealtyTrac

Next: 10. Columbus, Ohio


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