State outpaces nation on foreclosure deals

MADISON, Wis. (AP) — Buyers got better deals on distressed properties in Wisconsin during the first quarter compared to the national average.

According to Realtytrac, which tracks foreclosures across the country, Wisconsin buyers saved about 32 percent on homes that were in some state of foreclosure, including default, scheduled for auction or bank-owned.

The average discount nationwide during the same time period was 27 percent.

The State Journal reports nearly 1,800 foreclosure-related sales took place in the first quarter in Wisconsin with an average price of about $109,000.

Information from: Wisconsin State Journal, http://www.madison.com/wsj