Condemnation Actions: How Valuable Is Your Evidence of Property Value?
What exactly is "just compensation?"
Property owners are allowed to collect just compensation that is even with the market value of the property once the government condemns private property for public use. But how is the value determined, what it both parties don’t agree to the value suggested? This white paper reviews how this is handled from the property owner’s opinion and the project influence doctrine.
Erica J. Stutman concentrates her practice on commercial litigation. She has represented individuals and a wide range of businesses, including financial institutions, real estate and title companies, insurance companies, small businesses and others. Erica has experience in a variety of commercial litigation matters, including lender liability claims regarding mortgage practices and foreclosure, disagreements among business partners, insurance bad faith claims, real estate title disputes, lien priority challenges, contract disputes, fraud actions and negligence claims. Erica has worked on numerous cases in the financial services field, where she has defended national institutions in actions involving claims of alleged wrongful foreclosure, loan servicing errors, breach of loan modification agreements, the Fair Credit Reporting Act (FCRA), attacks on the mortgage industry and claims related to mortgage recording fees. She earned both her J.D. and B.S. magna cum laude from Northwestern University.
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