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02-12-2011, 07:24 PM
LWC Wrote:I think the law is called imminent (or eminent) domain (sorry for the spelling problem)
Since I have known that law the whole time, and that they have to give you fair market value, why not sell? It would be insane not to. Get money or lose it all? They are also required to give you so much time to find a new place to live, but I forgot how long it was. They also have to pay you so much for every building.
I have had friends that have known that a road was coming through, so they built 3 or 4 garages, had their property declared commercial and all kinds of stuff to get REALLY good money from the government. For every law they have, there is some loophole, to benefit the individual, if you can find it.
My understanding of eminent domain is that the government will take what land is needed for the project they are working on. They may buy all of the property or just a portion depending on the size of the property and the size of the project.
The site below explains has some good info. on eminent domain.
http://www.expertlaw.com/library/real_es...omain.html
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Messages In This Thread
What if you were told to sell or have it taken - by crazytaxidriver - 02-12-2011, 08:30 AM
What if you were told to sell or have it taken - by Stardust - 02-12-2011, 08:53 AM
What if you were told to sell or have it taken - by crazytaxidriver - 02-12-2011, 09:18 AM
What if you were told to sell or have it taken - by LWC - 02-12-2011, 10:29 AM
What if you were told to sell or have it taken - by Hoot Gibson - 02-12-2011, 10:38 AM
What if you were told to sell or have it taken - by Old School - 02-12-2011, 07:24 PM
What if you were told to sell or have it taken - by Hoot Gibson - 02-12-2011, 08:00 PM
What if you were told to sell or have it taken - by zaga_fan - 02-12-2011, 10:45 PM
What if you were told to sell or have it taken - by vundy33 - 02-13-2011, 12:45 AM
What if you were told to sell or have it taken - by Old School - 02-13-2011, 09:17 AM
What if you were told to sell or have it taken - by LWC - 02-13-2011, 09:39 AM
What if you were told to sell or have it taken - by Hoot Gibson - 02-13-2011, 11:01 AM
What if you were told to sell or have it taken - by Old School - 02-13-2011, 02:27 PM
What if you were told to sell or have it taken - by Hoot Gibson - 02-13-2011, 02:34 PM
What if you were told to sell or have it taken - by nky - 02-13-2011, 04:29 PM
What if you were told to sell or have it taken - by Old School - 02-13-2011, 09:01 PM
What if you were told to sell or have it taken - by RunItUpTheGut - 02-13-2011, 10:32 PM
What if you were told to sell or have it taken - by vundy33 - 02-13-2011, 11:01 PM
What if you were told to sell or have it taken - by nky - 02-14-2011, 09:18 AM
What if you were told to sell or have it taken - by Ballers - 02-14-2011, 12:38 PM
What if you were told to sell or have it taken - by charlie22 - 03-01-2011, 09:57 AM
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