How To Sell Your Home in Foreclosure City

By Marcie Geffner - Bankrate
If you're trying to sell your home in a neighborhood that's full of foreclosures, you've probably already realized just how difficult it can be to compete against short sale and bank-owned homes that may be on the market at a substantial discount compared with how much you believe your home is worth. You've probably also realized that today's home buyers are well aware of the power they possess in a market that's heavily weighted toward their interests. So, how can you sell your home in what feels like Foreclosure City?
It's not just your imagination that more homes have been foreclosed on in some communities, most notably in California and Florida as well as some of the Midwestern states. And it's not just neighborhoods of low-cost tract homes that have been affected. Indeed, foreclosures may be found in neighborhoods of any socio-economic status.
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