“Property owners often don't realize that offers of just compensation from the government are an estimate and are negotiable. Not only are they negotiable, but in my experience, the initial offers can often be much too low," said Attorney Stan Abrams.
Wilmington, NC (PRWEB) October 05, 2015
Property owners in the path of the new Topsail Island Bridge will soon receive offers from the NCDOT, according to the NCDOT's website. In response, to former NCDOT attorneys from the NC Eminent Domain Law Firm are holding a free seminar for affected property owners on October 8th."
Stan Abrams, an attorney with the law firm, confides, “Property owners often don't realize that offers of just compensation from the government are an estimate and are negotiable. Not only are they negotiable, but in my experience, the initial offers can often be much too low."
Abrams and his colleague, Jason Campbell, were attorneys for the North Carolina Department of Transportation for many years before joining the NC Eminent Domain Law Firm.
Campbell adds, "What I learned while I was an attorney for the NCDOT is that it functions just like any other real estate buyer. In other words, in many cases they may not offer you what your property is worth. That is why we encourage property owners who are impacted by this project to attend our seminar.”
Seminar Outlines Property Owners’ Legal Rights
The seminar’s purpose is to inform property and business owners about their legal rights under the North Carolina eminent domain process, and illustrate how owners can try to best protect these rights and their financial interests with regard to the sale of their land.
“This seminar offers some really valuable information, such as an often-overlooked approach that allows property owners to potentially collect funds from the government’s first offer so they’ll have some money to use, while negotiating for more,” Abrams said.
Related issues the seminar will also cover include:
- How NCDOT offers are calculated
- What “fair market value” means in your situation
- How to determine if the government’s appraisal is truly just
- How to know if the offer for your property is fair
- Optional question-and-answer session for individual situations
Property Areas the Bridge Will Impact
Roughly 50 parcels of land will be impacted by the replacement bridge, which will be built approximately 1000 feet south of the current bridge, beginning at the intersection of Roland Avenue, Little Kinston Road, and Atkinson Point Road on the mainland. It will curve south, away from the old bridge and then curve back to rejoin NC 210 on the island.
Motorists will be able to access the bridge at traffic roundabouts at either end.
Seminar Date, Time, Location
Date: Thursday, October 8th
Time: 7–9 pm
Location: Mainsail Restaurant, 404 Roland Avenue, Surf City (Phone: 910-328-0010)
For more information about the seminar, contact the NC Eminent Domain Law 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 Attorneys General for the North Carolina Department of Justice in the Transportation Section, where they litigated condemnation cases for the NCDOT. They have over 20 years of combined experience working exclusively on eminent domain cases. The Law Offices of James Scott Farrin has the legal resources of 37 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