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Top 10 College Towns for Buying Foreclosures
It's the time of year when proud parents are sending their kids off to college. What better time to consider the best college towns for investing in foreclosed homes?
Palo Alto, CA: Stanford University
Recognized as the "birthplace of the Silicon Valley," 94 foreclosure
properties sold in Cardinal territory for an average price of $350,886
during the first six months of 2011 — an astonishing 69 percent below the average price of homes not in foreclosure during the same time period.
Foreclosures made up about 17 percent of all homes sales in the area during the
period, indicating there are quite a few foreclosure deals available but enough to drag down the entire market.
By Joel Cone