The Times-Picayune published a study of the disparity between Jefferson Parish (LA) assessment values and the eventual sales price of homes on Sunday and by Tuesday, Arthur Sterbcow, president of Latter & Blum, Inc./Realtors had been fired.
Mr. Sterbcow's crime was that he cooperated with the investigation and had been quoted in the paper as being critical of the Jefferson Parish Assessor. Lawrence E. Chehardy is a second-generation assessor, who is described as the most powerful in Louisiana due to the value of the Parish's homes and its large population.
"Needless to say, the last people on earth we need against us are our assessors", Latter & Blum chairman Bob Merrick wrote in the email announcing the termination.
"I love Latter & Blum, I love the agents, I love the staff. It was just a business decision." Arthur Sterbcow told the Times-Picayune.