“We’ve studied this project and each of the properties that may be affected, said Attorney Stan Abrams.
Troy, NC (PRWEB) August 19, 2013
Property owners in the path of the new “Troy Bypass” will soon lose some of their land while others will be forced out of their homes and businesses entirely. In response, a North Carolina law firm is offering a complimentary seminar to educate those affected about their rights and how they may be able to receive a “second check” for their property.
The $50 million Troy Bypass project will create a bypass along the south side of Troy, NC.
According to a public hearing notice in June 2012 by the NC Department of Transportation, the purpose of this project is “to improve traffic flow and the ability to carry future traffic.”
But those future travelers are having an immediate impact on as many as 50 home and business owners that may be affected by the project, according to the NC Eminent Domain Law Firm.
“We’ve studied this project and each of the properties that may be affected, said Attorney Stan Abrams. “We now have some ideas about how the changes may affect each property owner specifically and how they may be able to get a ‘second check’ for their property.”
Abrams is scheduled to lead the firm’s no-cost seminar at 7:00 pm on Thursday, August 22 at the Sleep Inn & Suites in Albemarle.
The NC Eminent Domain Law Firm’s Approach
The firm’s “second check” approach is based on the fact that if a property owner does not accept the NCDOT’s offer, the DOT will deposit the offer with the county clerk and then proceed as planned, according to Abrams.
The property owner can then negotiate for further compensation or a “second check” and typically have nothing to lose.
According to Jason Campbell, an attorney for the NC Eminent Domain Law firm and former attorney for the North Carolina Department of Transportation, these negotiations are necessary because oftentimes the offers can be “one-sided.”
“The DOT is just like any other buyer – they want to pay as little they reasonably can for your land. But they’re also the ones deciding how much it’s worth initially and that’s not always fair,” Campbell said. “Property owners should make sure they get as much information as possible before making a decision.”
The NC Eminent Domain Law Firm’s seminar will cover topics like:
- How will the value of my property be calculated?
- Can I assume the offer for my property is fair?
- How is fair-market value determined?
- What if I lease space? Will there be allowances to move my business?
- Should I get my own appraisal?
For more information about the upcoming seminar, visit http://www.nc-eminent-domain.com/upcoming-seminars or call the firm at 1-877-393-4990.
ABOUT THE NC EMINENT DOMAIN LAW FIRM:
A division of the Law Offices of James Scott Farrin, the NC Eminent Domain Law Firm is dedicated solely to representing property owners throughout North Carolina, who may be impacted by eminent domain law. The NC Eminent Domain Law Firm is led by attorneys Stan Abrams and Jason Campbell, both of whom previously worked as Assistant Attorney Generals for the North Carolina Department of Justice Transportation Section, where they litigated condemnation cases for the NCDOT. They have 19 years of combined experience working exclusively on eminent domain cases. The Law Offices of James Scott Farrin has the legal resources of 32 attorneys and is based in Durham, North Carolina, with offices throughout the state to serve its clients.
NC Eminent Domain Law Firm
280 South Mangum Street, Suite 400
Durham, North Carolina 27701