Eminent Domain Appraisals San Bernardino County
What is “Eminent Domain”? <ul><li>Eminent Domain is an action of the state to seize a citizen's private property. </li></ul><ul><li>Expropriate property, or seize a citizen's rights in property. </li></ul><ul><li>Due monetary compensation is given, but without the owner's consent. </li></ul>
Why would the state need my property? <ul><li>Usually done for public works or public safety, but if you owned beach front property would that matter? No. </li></ul>
Property may also be taken for reasons of public safety. <ul><li>Example: a new flood channel needs to be built. </li></ul>
How it works <ul><li>At a City Council meeting, councilmembers will often adopt a “Resolution of Necessity” to acquire the necessary parcels by eminent domain. </li></ul>
What is that? <ul><li>A “Resolution of Necessity” is the government agency’s formal decision to acquire property by eminent domain. </li></ul>
An Eminent Domain Appraisal <ul><li>May be needed before or after the Resolution of Necessity. </li></ul><ul><li>Council members sometimes will want to know how much it will cost before they approve the measure </li></ul>
For More Information <ul><li>Gary Valentine Appraisals & Associates [click the link below] </li></ul><ul><li>www. valentine appraisal.com / </li></ul>
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