For price-conscious consumers, it can pay to go after a foreclosed home. Real estate number-cruncher RealtyTrac ranked Illinois 10th in a list of the top 20 metro areas for foreclosure deals earlier this year, with homes selling at a whopping 46 percent discount when compared to non-distressed properties. And the site’s first quarter 2013 stats show that the Illinois foreclosure rate is third highest in the nation.
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