Considering foreclosure sales in comps 1-3?

[Mike Garrett RAA]

The market is...what the market is. If REO sales are prevalent then they should be considered the comps. This is what you get paid the big bucks to determine.

 

[Lee Lansford]

I would tend to agree. Usually, there is no dilemma for me, either. Just in this case, the only sales suitable for comparison in the subject's immediate marketing area are REOs, while the non REO sales are basically of a different nature.

Consider this: The REO sales ARE of "a different nature", too.