Foreclosure at top of people’s minds

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More than half of all respondents to a recent national poll are concerned they or someone they know will face foreclosure in the coming year. Looking further out, however, 23% said they plan to buy a home in the next five years, according to the survey commissioned by Move Inc., which owns and operates several real estate-related websites, including Realtor.com.

Other findings from the survey, conducted by OmniTel from March 6 to 8:

-- 18.9% said they plan to try to use the government’s program to help prevent foreclosures.

-- 21% of those with a mortgage had contacted a lender within the last year to discuss restructuring their loans.

-- 72% had reduced their spending on discretionary purchases, personal items, personal care and energy in the last year to pay housing costs.

The findings are based on 1,005 interviews.

-- Scott Marshutz

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