My husband and I met as neighbors. We became engaged in 12/04 and in 01/05, we (& our entire block) were sent papers from IDOT indicating that our homes were under eminent domain due to a corridar connector. I tried to sell the 2nd house but no-one was interested because of the eminent domain issue. I appealed to IDOT for a financial hardship that they have placed on us and they granted an early buyout. It will be several months before it takes place. They indicate that they will offer fair market value based on an appraisal and title searches, etc. I have heard so many horror stories on eminent domain!
Do you think I will get a good honest offer? Should we be compensated for our losses? We're having trouble renting out the house because people don't want to live there month-to-month. Now, we have 2 mortgages, an empty house, and the eminent domain issue. What's the worse case scenrio? Your thoughts or experiences with eminent domain are greatly appreciated.
2006-10-23
09:34:26
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7 answers
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asked by
kimmer
3
in
Renting & Real Estate