Space Coast tops list of best foreclosure deals

House on Stacks of Money
Posted at 12:46 PM, Jan 31, 2013
and last updated 2013-01-31 08:25:41-05

ORLANDO, Fla. (AP) - Florida's Space Coast is No. 1 in the nation for the best foreclosure deals.

A study released Thursday by the firm RealtyTrac says the area around the Kennedy Space Center was best in the nation for getting a foreclosure deal last year.

Other Florida metro areas on the top 20 list were Lakeland, Tampa, Jacksonville, Orlando and Miami.

Five New York cities also made the list. They were Rochester, Albany, metro New York, Poughkeepsie and Syracuse.

RealtyTrac used four criteria to make their list: the month's supply of foreclosed properties; the percentage of foreclosure sales; the foreclosure discount; and the increase in the percentage of foreclosure activity in 2012.