Real Estate

Shannon Behnken of the Tampa Tribune reports of real estate fraud in the St. Petersberg, FL area. “With three months’ experience, the agent [Dawn L. Molen] who had never listed a home closed her first sale Jan. 27 in a working-class neighborhood. Her buyer paid $45,000 more than the asking price…over the next eight months,…

Andrew McIntosh of The Sacramento Bee reports on a real estate transaction by the city of Sacramento which netted an Orange County developer nearly $1 million. In failing to get the details on the property’s sale history, the city ended up paying a record price for the land – $218 per square foot when similar…