| Author |
Topic:
What should be done when the state uses eminent domain on a property that is underwater?
[Locked] |
Sansfear
Posts: 757
Registered: 2008-8-31 05:04:52
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
This is happening to a couple here in Phoenix.
Current appraised value of the property = $48K
Total owed on 1st and 2nd mortgage = $141K
The state is going to take their home through eminent domain to build a freeway interchange and, by law, is not allowed to pay negative equity.
So while they are able to pay their current mortgage, they are going to be forced to sell and take a $93K loss.
http://www.abc15.com/dpp/news/region_west_valley/goodyear/valley-family-close-to-moving-due-to-eminent-domain
|
Bjorvald
Posts: 334
Registered: 2002-4-5 20:51:00
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
>> and, by law, is not allowed to pay negative equity.
Change the law?
-----signature-----
Bjorvald 9lx healer
Blinknone, various toons on classic
GANKED AGAIN
|
cabbyman
Posts: 441
Registered: 2003-1-6 07:48:53
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
Start a fire.
Claim insurance.
-----signature-----
“No man’s life, liberty, or property are safe while the Legislature is in session.â€
"Life's tough. It's tougher if you're stupid." -- John Wayne
“If there must be trouble, let it be in my day, that my child may have peace†- Thomas Paine
|
|
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
|
We've gone from a banana republic to a rotten banana in short order. What is being done to people by government are exactly the kind of things that lead to a hostile disaffected public who are quickly running out of options for dealing with a malicious and capricious master.
|
Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
 (@ Cabby, not arglebargledouche).
|
SoBaKi
Posts: 487
Registered: 2002-2-26 09:31:13
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
cabbyman posted:
Start a fire.
Claim insurance.
-----signature-----
"Do what you can, where you are, with what you have." - Teddy Roosevelt
Know god, know sin. No god, no sin.
Dogs are animals.
|
dae_trist
Posts: 1,049
Registered: 2003-6-5 13:32:39
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
Aerlinthian posted:
It's impossible for private entities to do anything bad
If we had anarchy there's nothing stopping a private military from killing the inhabitants and building a road over their house
-----signature-----
"templars heal for like 300-400 a heal"
"wardens do waht 40 dps at most? friars do 600 dps"
"well maybe the aoe taunt that bains had..."
"Eck theurg pets are unstunnable..." -- bryldan
|
theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
|
eminent domain is always pretty shady
|
Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
|
P.S. They've probably known this was going to happen for at least 5+ years and possibly since before they moved in (11 years ago). Highway construction moves sloooowly.
|
Thugoneous
Title: Watching Caliente, BRB.
Posts: 1,128
Registered: 2002-11-2 18:00:54
|
Date Posted:
1/1/00 12:00am
Subject:
What should be done when the state uses eminent domain on a property that is underwater?
|
Yukishiro1 posted:
P.S. They've probably known this was going to happen for at least 5+ years and possibly since before they moved in (11 years ago). Highway construction moves sloooowly.
That changes everything.
-----signature-----
Lady, people aren't chocolates. D'you know what they are mostly? Bastards. Bastard-coated bastards with bastard filling.
|
