Foreclosure rates in much of Florida got worse in 2012. That's according to new data from the company RealtyTrac.
RealtyTrac has named 6 metropolitan areas in Florida as "best markets to buy foreclosures."
South Florida ranks 12th on the list. The company says that last year, more than one if four South Florida sales were foreclosures. On average, those properties were sold at a 30% discount.It's a pleasant spin on the fact that South Florida's already high foreclosure rate increased by more than 36%. But, as RealtyTrac's number show, it could be much worse.
The "best market" for buying a foreclosure: the Palm Bay-Melbourne area where, last year, foreclosures more than tripled.