Is a government entity exercising the power of eminent domain to condemn your property?
What is it?
Eminent domain is the power of the government use private property for public use. Condemnation is the process in which the government exercises this power. While the government can "take" private land for public use, this power is restricted by federal and state laws that require citizens to receive "just compensation" for their lands.
What is the value of your land?
The government can not unilaterally set the price for your land. It must follow accepted appraisal standards and comply with other legal procedures in the process. If you feel like a condemning authority's offer to acquire your land seems low or have other questions about the condemnation process, it may be in your interest to consult with an attorney before agreeing to the terms presented to you.
William F. (Fritz) Paulus is a former real estate negotiator for Metro, Portland's regional government, and has experience with reviewing and analyzing appraisals and negotiating fair market value real estate transactions.
Call 503-224-1773 today or send me an email.