The Appraisal Institute reported that 21 pieces of legislation affecting the valuation profession are pending in 14 states. A list can be found at https://www.appraisalinstitute.org/advocacy/washington-report/washington-report-state-news-current-issue/#15
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.
Latest from Eminent Domain and Real Estate Valuation - Page 3
House Committee Passes USPAP Exemption Bill
By David Snyder
The House Financial Services Committee recently passed legislation exempting appraisers from having to conduct evaluations in accordance with the Uniform Standards of Professional Appraisal Practice for loans under $250,000 that were held in a portfolio for three years. Appraisals are…
PA Court Allows Adverse Possession Claim Against Municipality
By David Snyder
The PA Commonwealth Court recently held that a claim of adverse possession could be brought against a municipality when the municipality’s only use of the property during the statutory period was to hold the property for possible future sale. In…
Kelo Case Subject Of Movie
By David Snyder
The US Supreme Court issued its Kelo eminent domain case in 2005. That case held that it is not necessarily unconstitutional to take private property for another private entity to use. Now the subject of that case is the subject…
NC Supreme Court Allows Brokers’ Fair Market Value Testimony
By David Snyder
The North Carolina Supreme Court has held that real estate brokers may legally testify regarding the fair market value of real property in condemnation cases. In NCDOT v. Mission Battleground Leasco, LLC, the condemnee attempted to offer the testimony of…
Appellate Court Affirms Our York Verdict
By David Snyder
I tried a case in York County, PA involving a condemnation of the former York County Prison. My clients purchased the property in the ‘80s and were waiting for the right time to develop the property when it was taken…
NJ Court Rejects Argument That Condemnor Drove Down Property’s Value
By David Snyder
A New Jersey appellate Court on Monday upheld a $4.4 million valuation of a parking lot condemned by the city of Hoboken. In Ponte Equities Inc. et al. v. City of Hoboken, the property owners sought additional damages claiming that…
SCOTUS Declines Fla. Keys Property Rights Appeal
By David Snyder
The U.S. Supreme Court has decided not to hear the appeal of the owner of a Florida Keys island who alleged that increasingly restrictive development regulations have harmed his property rights. The property owner argued that the zoning of…
SCOTUS Will Not Hear FL Eminent Domain Case
By David Snyder
The U.S. Supreme Court denied a petition to hear a developer’s case against the Florida Department of Environmental Protection over a permit denial for a beachfront parcel. The case relates to a DEP denial of a final permit for a…
NYC May Use Eminent Domain To Deal With Homeless Issues
By David Snyder
To address the homeless crisis, NY City will acquire buildings that house homeless families to convert them to affordable housing, using with legal force if necessary. It has stated that it will use eminent domain if necessary.
The city has…