Thursday
April 24, 2014

8 Places Facing New Waves of Foreclosures

|
-A A +A

8 Places Facing New Waves of Foreclosures

Foreclosures are decreasing nationwide, but a few pockets across the country are still seeing elevated levels. A handful of cities are seeing an increase in foreclosure starts and completions for 2012, which are expected to continue into this year, RealtyTrac notes. 

Foreclosures are often sold at big discounts, offering signs that bargains will stay alive in the following eight places where foreclosures are expected to stay elevated in 2013. 

1. Palm Bay, Fla.

Annual percent change in foreclosure activity: 110 percent

2. Lakeland, Fla.

Annual percent change in foreclosure activity: 71 percent

3. Raleigh, N.C.

Annual percent change in foreclosure activity: 62 percent

4. Tampa, Fla.

Annual percent change in foreclosure activity: 41 percent

5. Panama City, Fla.

Annual percent change in foreclosure activity: 40 percent

6. Pensacola, Fla. (tie)

Annual percent change in foreclosure activity: 38 percent

6. Omaha, Neb. (tie)

Annual percent change in foreclosure activity: 38 percent

8. Rockford, Ill.

Annual percent change in foreclosure activity: 36 percent

Find out what other cities made the list at AOL Real Estate. 

Source: “20 Cities Where Foreclosure Home Sales Should Rise in 2013,” AOL Real Estate (Jan. 8, 2013)