Gwinnett Buys Land at Twice the Appraised Value
Submitted by TalkGwinnett.com on Tuesday, 26 May 2009One Comment
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Required Reading… The AJC does the background on the recent purchase of land at twice its appraised value from Bannister buddy J.C. White:
When it buys land, Gwinnett County usually sticks close to the price recommended by its commissioned appraisal. That wasn’t the case earlier this month, when county commissioners voted 3-1 to buy a 33-acre tract for $2.3 million — more than twice what the county’s appraisal said it was worth.
Gwinnett buys land at twice the appraised value | ajc.com
If there was a mortgage associated with this purchase the commissioners that voted for this waste of taxpayer dollars would be guilty of MORTGAGE FRAUD.