The comps used for appraisal may be changing

[Account Closed]

I just read an interesting article:

http://www.dsnews.com/articles/three-states-move-to-ban-foreclosure-sales-from-appraisal-values-2011-03-30

It seems that several states are moving to ban the use of foreclosure sales as comps for a home not purchased as a foreclosure. Not sure the rational that has been used to say that a home that was foreclosed on is comparable to a normal sale.