How Counties Can Use Land Banks and Eminent Domain | |
Anonymous Cowherder Stop the inanity! User ID: 2245483 ![]() 01/14/2012 04:43 PM ![]() Report Abusive Post Report Copyright Violation | If HUD is in favor of this there must be a hidden agenda, 21 perhaps... Repeal the 17th Amendment and the Reapportionment Act of 1929! Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be. Restore the Republic. Thread: The Bill of Rights does NOT include age requirements! It's a flower, not something to be feared. ![]() |
Anonymous Coward User ID: 8836047 ![]() 01/14/2012 09:43 PM Report Abusive Post Report Copyright Violation | Relief for Counties: Land Banks and Eminent Domain Quoting: Phennommennonn snipped The legal tide is turning against MERS and the banks, giving rise to some interesting possibilities for relief at the county level. Local governments have the power of eminent domain: they can seize real or personal property if (a) they can show that doing so is in the public interest, and (b) the owner is compensated at fair market value. The public interest part is easy to show. In a 20-page booklet titled "Revitalizing Foreclosed Properties with Land Banks," the US Department of Housing and Urban Development (HUD) observes: [link to www.huduser.org] read this whole article [link to www.truth-out.org] The State bought 1/2 acre from us last Fall for a highway right-of-way and had to pay us at market value. The last land we sold was for a truck stop, they paid us $43,000 an acre for 3 acres. That means to Eminent Domain our property they would have to come up with 21 and a half million bucks. Do not think they would want it that bad. |
Anonymous Coward User ID: 1561125 ![]() 01/21/2012 01:14 AM Report Abusive Post Report Copyright Violation | |
Que User ID: 1561125 ![]() 01/21/2012 01:16 AM Report Abusive Post Report Copyright Violation | ![]() "Lord Jesus...let the light of Your face & LOVE shine down on our hearts and let us** FEEL** it...." [email protected] |
Que User ID: 1561125 ![]() 01/21/2012 09:46 PM Report Abusive Post Report Copyright Violation | ![]() "Lord Jesus...let the light of Your face & LOVE shine down on our hearts and let us** FEEL** it...." [email protected] |