If you read nothing else in this blog, read this. It affects you!
Eminent Domain allows governmental entities to take (and pay a fair market price for) private property to serve the pubic good, such as building roads and schools.
OK, so you knew that. Did you know...
...this long established governmental power has been used in recent years to take land for private development? Recent takings of private homes have drawn the ire of owners and real estate practitioners and prompted efforts by the National Association of Realtors to support home owner's rights over government powers.
...why does this matter to you?...
...Until Kelo vs. the City of New London (Conn.) the vast majority of the population didn't realize that municipalities were taking land for private development. Once people found out, the overwhelming majority found it deeply offensive," says Dana Berliner, senior attorney at the Institute for Justice and an advocate for home owner's rights in eminent domain cases. The result is new laws limiting the use of eminant domain in 34 states. If you're in one of the states that haven't changed their laws, be aware that Kelo makes it even easier for developers to take your dream home for public use.
Realtors are working hard to protect the rights of Home Owners!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment