Los angeles county eminent domain appraisals

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why eminent domain appraisals are used in los angeles county, the process of eminent domain appraisals in los angeles county

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Los angeles county eminent domain appraisals

  1. 1. Eminent Domain Appraisals Los Angeles County
  2. 2. What is “Eminent Domain”? <ul><li>Eminent Domain is where the state acts to seize a citizen's private property. </li></ul><ul><li>The state may act to seize a citizen's rights in property. </li></ul><ul><li>Monetary compensation to the property owner is given, but without the owner's consent. </li></ul>
  3. 3. Why would the state want to take my property? <ul><li>Usually done for public works or public use, but not always: example Historical value. </li></ul>
  4. 4. Property may also be taken for reasons of public safety. <ul><li>Example: a new flood channel needs to be built. </li></ul>
  5. 5. How it works <ul><li>At a City Council meeting, council members will often adopt a “Resolution of Necessity” to acquire the necessary parcels by eminent domain. </li></ul>
  6. 6. A Resolution of what? <ul><li>A “Resolution of Necessity” is the government agency’s formal decision to acquire property by eminent domain. </li></ul>
  7. 7. 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>
  8. 8. For More Information <ul><li>Gary Valentine Appraisals & Associates [click this link] </li></ul><ul><li>www. valentine appraisal.com / </li></ul>

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