Are you seeing more over-priced foreclosures in your market?

[Andrew Fortune]

I'm just curious. The last few spreadsheets that I've made had a handful of new foreclosures that were priced at 95%+ of the average owner resale comps. Wondering what's up?

Also, I found some recent sold foreclosures that seemed like below average deals. One sold for $98,000 with an average resale of $110,000 and another sold for $70,000, with an average resale of $85,000.

I'm in Houston and I am talking about single family foreclosures
Anyone else seeing this in there market?