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Prez House Stench

Page 3 of 3

Well, that's because Tseffos blew him off!

Ratliff isn't the only Tempe real estate broker claiming foul on this deal.

Treg Loyden, who lives across the street from the president's house and owns a real estate development company, also says Tseffos refused to discuss his offer to buy the property.

"[Tseffos] said that any offer I brought in would be matched by his own buyer. It was clear to me the fix was in," Loyden states in a June 9 e-mail to New Times.

Loyden says in an interview he was willing to pay $1.5 million.

There are plenty of indications that something went afoul in the sale of the ASU president's house. Rather than making noises about suing New Times if it doesn't make unwarranted corrections, ASU should consider suing Tseffos, who appears to have placed his personal financial interests ahead of his client's.

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John Dougherty
Contact: John Dougherty