Francois K. Gregoire
Senior Member
- Joined
- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
When the price is wrong
By DAN DEWITT, Times Staff Writer
Published February 3, 2008
HERNANDO BEACH - John McRae watched as weeds took over the yard of the house across the street, 3223 Hibiscus Drive.
In an otherwise peaceful neighborhood, deputies began to show up regularly to stop fights between renters. A crew of vagrants moved into a crawl space underneath the house.
Meanwhile, the home on Hibiscus, valued for tax purposes at $416,476, repeatedly sold for much more: $560,000 in April 2005, $810,000 a year later and $835,000 six months after that.
http://www.sptimes.com/2008/02/03/Hernando/When_the_price_is_wro.shtml
Sometimes, a sudden jump in the price of a house could indicate mortgage fraud.
By DAN DEWITT, Times Staff Writer
Published February 3, 2008
HERNANDO BEACH - John McRae watched as weeds took over the yard of the house across the street, 3223 Hibiscus Drive.
In an otherwise peaceful neighborhood, deputies began to show up regularly to stop fights between renters. A crew of vagrants moved into a crawl space underneath the house.
Meanwhile, the home on Hibiscus, valued for tax purposes at $416,476, repeatedly sold for much more: $560,000 in April 2005, $810,000 a year later and $835,000 six months after that.
http://www.sptimes.com/2008/02/03/Hernando/When_the_price_is_wro.shtml
