The Georgia Supreme Court has ruled that the city of Marietta violated the Georgia Landowner’s Bill of Rights when it condemned a grocery store without providing a summary of its appraisal to the property owner. The City argued that these provisions were not mandatory. This was rejected by a unanimous Court explaining that the law
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Freddie Mac OKs Appraisal Alternative for Some Mortgages
By David Snyder on
Posted in Appraisers
Freddie Mac announced that it will utilize automated collateral evaluations to determine when an automated appraisal can be used for new home mortgages and refinancing. ACE uses data from multiple listing services, public records and historical home values to determine collateral risks. This decision was criticized by the Appraisal Institute. “Since 1994, the government sponsored…
Developer Asks SCOTUS To Hear Fla. Takings Case
By David Snyder on
Posted in Eminent Domain
A Florida developer petitioned the U.S. Supreme Court to hear a $10 million takings case against the Florida Department of Environmental Protection The developer alleged that the DEP’s denial of a development permit for a beachfront parcel was an unlawful taking. The developer intended to build 17 luxury townhouse units Fort Pierce, Florida
The trial…
NC Announces Assessment Reappraisal Counties
By David Snyder on
Posted in Assessments
NC has announced that the following counties will begin the tax reassessment appraisal process of real properties in January 2018:
BEAUFORT COUNTY MITCHELL COUNTY
CLAY COUNTY ONSLOW COUNTY
FRANKLIN COUNTY ROBESON COUNTY
GRANVILLE COUNTY WATAUGA COUNTY
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PA Considers Amendment To Relocation Law
By David Snyder on
Posted in Eminent Domain
The PA House is considering a bill that would amend the PA Eminent Domain Code’s relocation statute. That statute applies where a business or residence is forced to relocate due to a condemnation and is in addition to damages for the loss of the real estate. The bill would increase the reimbursement amount for “reestablish[ing]…