Real estate powerhouse Trulia commissioned a good and proper Harris poll to find out just how frightened home buyers are at the prospect of purchasing a foreclosed property. The survey was conducted over a three day period in April; findings are as follows:
· 69 percent of U.S. adults are a bit skittish about purchasing a foreclosed home (and really, who can blame them given the— ahem— massive media hype surrounding the mortgage crisis.) Fears: 69 percent cite hidden costs, 35 percent risk, and 33 percent fear a drop in home values.
· However, more than half would at least consider it— or thing about thinking about it.
