Buyers Want Steep Discount on Foreclosed Properties

A new study conducted for Trulia.com and RealtyTrac by Harris Interactive shows that three-quarters of respondents expected a discount of at least 25 percent on a foreclosure purchase. In the previous survey conducted seven months ago, 54 percent of all U.S. adults surveyed said they would consider buying a foreclosed home, whereas now 47 percent of U.S. adults would consider buying a foreclosure."