Foreclosed homes sell for 30% less?

[James Popp]

Hey guys. I pretty recently got some education about wholesaling. When we were learning about coming up with an ARV and finding comparables, I was taught that foreclosed homes sell nationally for 30% less than what they would if they weren't foreclosed. Is this true? And if so, why is this the case?

[Wayne Brooks]

No.  If they sell for 30% less, it's because of the condition.  But, it does sound good if you're pitching some guru "education" to take advantage of it though.