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What is eminent domain and what advantages it gives for us?

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What is eminent domain and what advantages it gives for us?

11/17/2016 | Category: Real Property » Eminent Domain | State: California | #26834

Answer:

Eminent Domain is a process where property is taken by a Government division, such as a Department of Transportation, for public use. An example would be where there are roads being build and the State or Federal Government need to acquire property owned by private parties. They will make an appraisal and offer and if the offer is not accepted or no price can be agreed they will file an Eminent Domain action to take the property.

There are also many other reasons eminent domain powers are used and sometimes it may be to benefit a private party but that is not typical.

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