Month: February 2022
What do property owners need to know about eminent domain?
When you buy real estate, you likely look at it as a long-term or even permanent commitment. You will pay on a mortgage for many years. People who purchase their own home and business owners who buy commercial property will invest a significant amount of their income in the purchase costs and maintenance expenses for…
Condemnation versus eminent domain: What’s the difference?
When you are looking at the two terms “eminent domain” and “condemnation,” you should know that they aren’t necessarily the same. Eminent domain in the government’s right to take over a person’s private property, but condemnation is the legal process that takes place that allows the government to use that right. As a property owner,…