Using a foreclosed property as a comparable

[Brady Boyer]

I am trying to estimate the ARV of a BURR deal. One of the properties I was considering using as a comp was a foreclosed property? Any issues with using this as a comp? I'm wondering if this property is slightly below the market price had it sold as a non-foreclosed property.

Additionally, does anyone know of any free online resources to determine if a purchase price included any closing help etc so I can factor that into my analysis? Right now i'm just using the recent sales on Realtor.com