What is the "comps" effect of a foreclosure sale, or other distress sale?

Saturday, June 29th, 2013 at 5:51 pm

For a similar single-family home (location & attributes), what is the “comps” effect of (1) a foreclosure or other distress sale at much lower price, or (2) a “friend/family” subsidized, much lower sale price, that is a low “outlier” among prices that appear to be other normal commercial sale prices?

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