I cant figure out if he was lying or the show, but let me break it down for you. On the show they said he paid $1,250,000 through a foreclosure 2 years ago. The truth is that the home was purchased for $470,000 in 1993 through a foreclosure. Oh, by the way, he's not the one who bought it then. At the end of the show, the agent said if he fixed and cleaned everything, he might be able to get $2,800,000. The highest comparable there is $1,800,000. Only a $1,000,000 error. The show doesnt do any research, and just likes to rely on the flippers figures, and stories.
I don't think the show was lying, I think Justin and his "agent" were the ones lying. If I were a betting man, I would say that Justin probably had no intention of selling that house anyways....he seems like quite a character.