Buyers expect 38% foreclosure discount

Buyers expect 38% foreclosure discount
Americans expect to pay 38 percent less to buy a foreclosed home compared to a similar home not in foreclosure, a new RealtyTrac survey finds.That’s not far above the average discount of 36 percent on sales of bank-owned homes compared to sales of homes not in foreclosure revealed in a RealtyTrac 2010 market report.The poll also found among adult respondents:†45 percent think the government isn …

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