How many foreclosures are in your zip code?According to http://www.realtytrac.com there are 555 properties in my zip in foreclosure :( 107 are in my neighborhood :( Like it or not, us sellers will have to compete with these. http://biz.yahoo.com/ap/080114/oh_cleveland_foreclosures.html?.v=1&.pf='real-estate'CLEVELAND (AP) -- Banks have been selling foreclosed homes in Cleveland at less than one-third of their previous value, harming property values in an area that has been an epicenter for the nation's mortgage crisis, a new study said Monday. Areas like mine with many foreclosures will be facing similar problems unfortunately. While Ohio may be an extreme case now, it may become the norm for hard hit areas in the near future. January 15 2008 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.