Rep. Chris Quinn (R-Delaware) recently introduced a bill in the PA House that would require the Pennsylvania Office of Attorney General to create a brief document to clearly outline the rights and responsibilities property owners have during any land acquisition
Eminent Domain and Real Estate Valuation
The Eminent Domain and Real Estate Valuation blog, published by Fox Rothschild LLP, covers legal issues related to eminent domain, property valuation, and appraisal practices. It addresses topics such as just compensation standards in condemnation cases, appraisal discrimination laws, regulatory thresholds for loan appraisal exemptions, and litigation involving eminent domain takings. The blog also discusses the intersection of federal and state law in eminent domain proceedings, challenges to appraisal board regulations, and municipal use of eminent domain for redevelopment projects. It provides updates on legislative developments, court rulings, and regulatory actions affecting real estate valuation and eminent domain law.
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Our York Verdict Is Now Final
By David Snyder
I tried a case in York County, PA involving a condemnation of the former York County Prison by the City of York RDA. The RDA claimed it was worth about $65,000. We presented evidence that the property was worth $1,250,000.…
Property Owners Seek $27M In Illinois Assessment Bias Suit
By David Snyder
A group of Cook County property owners have filed suit in Illinois federal court alleging that they are owed more than $27 million in property tax refunds due to discriminatory assessments by the County’s Treasurer and Assessor. These property owners…
Pennsylvania Passes Law Allowing Limited Broker Price Opinions
By David Snyder
Pennsylvania Gov. Tom Wolf signed HB 863, which allows the PA’s real estate brokers, associate brokers and salespeople to provide broker price opinions. The law defines a BPO as “an estimate … that details the probable selling price of a particular parcel…
US House Passes Private Property Rights Protection Act
By David Snyder
The United States House of Representatives passed the Private Property Rights Protection Act by voice vote. It seeks to prohibit condemnations for economic development or over property that is used for economic development within seven years after that taking. It…
Ill. Court: Tax Appeal Attorneys Not Engaged in Appraisal Practice
By David Snyder
The Circuit Court of Cook County, Illinois (Chancery Division) ruled that attorneys who referenced comparable property valuations and market values based on an income approach as part of tax appeal proceedings were simply engaged in the traditional practice of law…
Borrower Not Entitled To Attorneys’ Fees Under PA Act 6 Based Solely On Affirmative Defense
By David Snyder
The Pennsylvania Supreme Court held that a Philadelphia homeowner was not entitled to attorneys’ fees under a PA consumer protection law because filing affirmative defenses doesn’t qualify as filing an “action” under the law. In Bayview Loan Servicing LLC v. Rodger Lindsay,…
Ride Sharing May Decrease Values Near Subways and Bus Stops
By David Snyder
It is clear that ride sharing has impacted the real estate community. One possible change is the value of properties near subways and bus stops. According to Bloomberg, “ride-sharing services such as Uber Technologies Inc. and Lyft Inc., and…
Ohio Supreme Court Remands Lowe’s Tax Assessment Due To New Case Law
By David Snyder
The Ohio Supreme Court on Tuesday vacated an Ohio Board of Tax Appeals decision affirming a county appraiser’s $8.8 million valuation of a Lowe’s Inc. property. The Court found, in a 4-3 decision, that new case law required reconsideration. These new…
Cal. Court Finds Appraiser Cannot Be Sued By Borrower If Appraisal Prepared For Lender Only
By David Snyder
The California Court of Appeal, Third Appellate District certified for publication its recent decision in Tindell v. Murphy. In that case, mortgage borrowers sued an appraiser saying they relied on his appraisal to purchase their home. The trial court had…