Most buyers open to REOs

Realtor.com survey shows stigma around foreclosures has diminished

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Nearly two-thirds (65 percent) of potential homebuyers surveyed by Realtor.com this month say they are likely to buy a home that’s been through the foreclosure process, compared with 25 percent in October 2009.

The vast majority of those looking at real estate owned (REO) properties planned to live in them — only 6.9 percent of potential homebuyers said they were looking to buy a foreclosure as an investment, down from 13.2 percent in October.