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April 2017 | Devact

Danger in the Trees

Posted in Dangerous Trees, Insurance, Real Estate on Fri April 21, 2017

One of the most beautiful sights in our southern cities are the awe inspiring large trees that line many of our streets.  Yet, these majestic beauties mask a hidden danger.  As leaves begin to appear on large oaks and other deciduous trees, strong winds have more of an increased impact on the stability of the tree than in the winter when there are no leaves.  This is called the “sail effect” because the leaves catch more of the wind and create more stress on the trunk and root system. 

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Condemnation (Eminent Domain) Part III

Posted in Condemnation Cases, Eminent Domain, Real Estate on Fri April 14, 2017

In the first two articles, which you can read here and here, we explained the concept of condemnation and methods of determining the value of your property. We now need to look at the cost of a condemnation proceeding.

Out of Pocket Eminent Domain Costs

As a general rule, the cost of obtaining an appraisal is not recoverable. So you have to weigh the cost of employing an appraiser versus the amount you might be seeking.

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Condemnation (Eminent Domain) Part II

Posted in Condemnation Cases, Real Estate on Fri April 7, 2017

Last time, we began to discuss the condemnation process. As we explained previously, if you and the condemnor (the entity taking your property) cannot agree on the reasonable value of the property, the condemnor will proceed with the filing of a condemnation action and will instantly become the owner of the property they are seeking. But, the condemnor has to deposit with the court the amount of their last offer, or the amount the condemnor reasonably believes is just compensation for the taking.

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