No one contests that when it condemned property in Norfolk, Virginia to expand the Federal courthouse, the federal government made unreasonable pretrial offers to the property owner. The owner’s appraisals valued the property at $36.1 and $30.7 million, but the government valuation resulted in a $6.175 pretrial offer. After the pretrial dance, the final offers
Just Compensation | Appraisal
Cornell Lawprof Talks About His Plan To Take Underwater Mortgages
Cornell lawprof Robert Hockett, the guy who by all accounts thought up of the idea of using eminent domain to take “blighted” (underwater, but mostly performing) mortgages, was interviewed on “Air Occupy” about the scheme yesterday. Here’s the podcast (we originally embedded the podcast below, but the darn thing was set to play automatically…
Indiana S Ct: We Goofed
A very short opinion (2 pages) about why a trial court cannot consider issues regarding damages when the property owner failed to timely object to the report filed by the court-appointed appraisers. In Clark Cnty. Bd. of Aviation Comm’rs v. Dreyer, No. 10S01-1308-PL-529 (Sep. 12, 2013), the Indiana Supreme Court held it was not…
Merriam On Taking Underwater Mortgages: “Lindsay Lohan has a greater chance of staying out of trouble than the city of Richmond”
Dwight Merriam, familiar to our readers for the items of interest he frequently forwards, as a co-author of a recent brief in the New York rent control case, chapter author in the seminal eminent domain treatise Nichols on Eminent Domain, for being the editor of the ABA’s annual “Cutting Edge”…
The Descendants Win A Just Compensation Case In The Missouri Supreme Court – “Heritage Value” Statute Is Constitutional
Missouri has a peculiar statute that we wish were more widespread. In 2006, state legislators adopted the “heritage value” statute requiring courts award an additional 50% over fair market value as just compensation when property owned by a family for more than 50 years is taken by eminent domain. Thus, when heritage property is taken…
Major CFC Decision On Rails-To-Trails Takings
Here’s the Opinion and Order of the Court of Federal Claims after the damages trial in Childers v. United States, No. 08-1981 (Aug. 5, 2013). It’s a very long opinion (145 pages, with a table of contents!), so we’re not going to summarize it, but if you want to know how a rails-to-trails case…
6th Cir: Coal Company Did Not Show It Was “Reasonably Foreseeable” That Coal Regulators Would Deny Mining Permits To Prevent Danger To Gas Pipeline
In Rockies Express Pipeline LLC v. 4.895 Acres of Land, No. 12-3069 (Aug. 15, 2013), the condemnor was a gas pipeline company delegated the power of eminent domain under a federal certificate of public convenience and necessity, and the property owners were the owners of several coal mines.
They disagreed about the danger posed…
Guest Post: More On The Two Federal Lawsuits Challenging The Underwater Mortgage Taking Scheme
Here is a deeper look at the two lawsuits filed lastweek in U.S. District Court in San Francisco against the City ofRichmond, California, for the city’s Mortgage Resolution Partners-backed plan to condemn underwater mortgages, specifically those held by out-of-state securitizedbonds, residential mortgage-backed securitization (RMBS) trusts. The first Complaint was brought by Wells Fargo and a…
Cal App: Nollan/Dolan Issues Impacting Eminent Domain Valuation Are Decided By The Jury
Update: More thoughts from Rick Rayl and Brad Kuhn (California Eminent Domain Report) here.
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Here’s a decision at the intersection of eminent domain valuation and unconstitutional exactions from the California Court of Appeal (Fourth District). In City of Perris v. Stamper, No. E053395 (Aug. 9, 2013) the court held that…
