Eminent Domain Case

[djd09]

"If only part of the property is taken, the owner may also be entitled to damages in addition to the fair market value of the property. Damages are the loss in value of the residue of the property because of its severance from the property taken."

http://www.ohioattorneygeneral.gov/FAQ/Eminent-Domain-FAQs

The Turnpike appraiser had to consider damages. It is Ohio law.

 

[TRESinc]

"If only part of the property is taken, the owner may also be entitled to damages in addition to the fair market value of the property. Damages are the loss in value of the residue of the property because of its severance from the property taken."

http://www.ohioattorneygeneral.gov/FAQ/Eminent-Domain-FAQs

The Turnpike appraiser had to consider damages. It is Ohio law.

no kidding. that is what everyone has been pointing out to you...

 

[bart nathan]

The bulk of the value must have been damages to the remainder.

Yup...

"The land was acquired by the Abrahams years ago as part of a long-term plan to develop nearly 123 acres of property for a residential subdivision, according to a release from O’Toole McLaughlin Dooley Pecora, the law firm that represented the Abraham family."

 

[djd09]

So the Turnpike appraiser concluded no damages. And the other appraiser concluded a million plus damages. Oh ok. fishy fishy

 

[timd354]

"If only part of the property is taken, the owner may also be entitled to damages in addition to the fair market value of the property. Damages are the loss in value of the residue of the property because of its severance from the property taken."

http://www.ohioattorneygeneral.gov/FAQ/Eminent-Domain-FAQs

The Turnpike appraiser had to consider damages. It is Ohio law.

So what is your point? Apparently, the Turnpike Commission's appraiser and the property owner's appraiser had a substantial disagreement over the value of the property taken and the resulting damages to the remainder, thus a trial was held...so what? this type of thing happens quite often.

 

[Sherry Bloom]

i am actually doing a report for litigation. I am working on an appraisal of a mansion in New Vernon, New Jersey. The subject is a multimillion dollar home on a landlocked lot with an access easement through the neighboring parcel that has street frontage. Turns out that the easement is improperly defined and inadequate (less than 5 feet at its narrowest point; car can't even pass, forget about a truck or fire truck!). Have you ever had any experience with such an easement, where a car cannot access the property? This property has been in litigation for years. The two sides have not come to an agreement. Essentially, the home is now landlocked, even though it's an improved site!!

 

[residentialguy]

So what is your point? Apparently, the Turnpike Commission's appraiser and the property owner's appraiser had a substantial disagreement over the value of the property taken and the resulting damages to the remainder, thus a trial was held...so what? this type of thing happens quite often.

Come on Tim...this is all part of the master plan towards the 'Nationalization of the Appraisal Industry'. Ask JT and friends.

 

[timd354]

Come on Tim...this is all part of the master plan towards the 'Nationalization of the Appraisal Industry'. Ask JT and friends.

I also forgot that in the sad, bitter world of some people, everything and everyone else is involved in sort of scam and everyone else is robbing the world blind and screwing them over.

 

[djd09]

Based on the Jury verdict it looks like the State tried to deceive the homeowner. What could stink more then that.

 

[timd354]

Based on the Jury verdict it looks like the State tried to deceive the homeowner. What could stink more then that.

You don't know that.

It could be that there is a legitimate disagreement as to the development potential of the remainder and the state genuinely believed that there are no damages or very minimal damages.

Believe it or not, not everyone is always trying to screw over everyone else. The world does not suck even 1/10th as much as you seem to think it does.