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A Springdale woman may soon be without a home because the city needs her land to widen Harber Avenue. Officials offered Guadalupe Morales $61,380 for her home, but the mortgage on the house is $69,405. Which means after she sells her house she`ll still owe $8,025.
But in New York City, tenants and owners have been forced off their land so The New York Times can begin building its new headquarters.
Originally posted by QuietRenegade
She needs the mortgage balance plus 10% as compensation for the house. Only the government can justify an $8000 loss as "just compensation".
Is this an appropriate use of Eminent Domain?
Land Nazis at Work! I'm just infuriated by this. And to think this could happen to anyone of us and there is nothing we can do about it
However, the woman should not have to walk away still owing on the property. The city should realize this, and make sure it doesn't happen. I would also be in favor of giving her at least 10% above the mortgage payoff price, since startup costs for housing can be very expensive.
Originally posted by jbondo
Who really owns property anyway? People scrimp and save and struggle to pay off a house but there will always be "property taxes" to ensure that they never, EVER stop paying!