“St. Petersburg City Employees Encourage False Real Estate Appraisals”
Excerpt:
“A 10 News Investigation into recent land-buys by the City of St. Petersburg indicates employees in the city’s real estate department are influencing the appraisal values of properties they plan on purchasing.”
“But employees aren’t asking local appraisers to underestimate the values of the homes they examine; they’re asking for higher-than-market value appraisals. It allows the real estate department to justify meeting holdout homeowners’ inflated demands for property.”
Full article is here.