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Affordable Attorney Now
Disclaimer...Legal
information is not legal advice. This site provides
general legal information, not the application of law to a
particular individual or situation. This site is is
not responsible for any errors or omissions. All
information in this site is provided "as is,"
with no guarantee of accuracy, timeliness, completeness or
of the results obtained from the use of this information.
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Eminent Domain Law
The government can condemn your property,
forcing the sale of private property for public gain,
through its power of "eminent domain." An
individual’s rights are subordinate to the government's
rights. A Supreme Court ruling went even further in
June, 2005 saying that local governments may force
property owners to sell to make way for private economic
development when officials believe it would benefit the
public, even if the condemned property is not
blighted.
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Opponents to the June, 2005 Supreme Court ruling
argue that forcibly transferring land from one private
owner to another, even with fair compensation, violates
the Fifth Amendment to the Constitution. This ruling
set off a wave of state laws aimed at limiting
government's right of eminent domain
If your property is condemned under
eminent domain, then you are entitled to be paid
"just compensation," which is defined as
"fair market value." Fair market value is
the amount a willing buyer would pay a willing seller for
the property if it were not about to be condemned.
Chances are, however, that what the government offers you
isn't going to be an amount you will consider fair market
value. If not, you can challenge the amount in court
and bring in real estate appraisers to testify about what
similar properties in your neighborhood are worth.
If you plan to do this, you will need an experienced real
estate attorney on your side.
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Disclaimer...Legal
information is not legal advice. This site provides
general legal information, not the application of law to a
particular individual or situation. This site is is
not responsible for any errors or omissions. All
information in this site is provided "as is,"
with no guarantee of accuracy, timeliness, completeness or
of the results obtained from the use of this information.
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