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How To Survive And Prosper In An Eminent Domain Action |
August 24, 2004
Previously published on August 2003
As if construction issues, financing,
tenancy and maintenance aren't enough,
property owners in California are
increasingly facing yet another challenge: state and
local governments exercising their power of eminent
domain to condemn and purchase property. Many
cash-strapped governmental agencies facing
mandates to build public works or redevelop
"blighted" neighborhoods lack the money to buy the
property at its true market value. These agencies
often turn to eminent domain as a way to acquire
property at less than full market value.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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