“Many times property and business owners don't realize that offers of just compensation from the government are an estimate and are negotiable," said NC Eminent Domain Law Firm attorney Stan Abrams.
Greenville, N.C. (PRWEB) February 01, 2016
Property and business owners in the path of the new Greenville SW Bypass will soon receive offers from the NCDOT, according to two attorneys from the NC Eminent Domain Law Firm.
In response, the firm is holding a free seminar on February 4th for those affected.
The NCDOT has earmarked roughly $28.8 million for right of way purchases. Some of the more than 130 property and business owners whose land will be taken are currently being contacted to schedule appraisals in advance of making offers.
Former NCDOT Attorneys Now Represent Landowners
Stan Abrams, an attorney with the NC Eminent Domain Law Firm, said, “Many times property and business owners don't realize that offers of just compensation from the government are an estimate and are negotiable. Truth be told, not only are they negotiable, based on 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, "Working as an attorney for the NCDOT, I learned that it functions much like any other real estate buyer. In other words, in many cases they may not offer you what your property is worth. For that reason, we’re encouraging property and business owners impacted by the new Bypass to attend our seminar.”
Seminar Explains Property and Business Owners’ 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.
“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.
The seminar will also cover:
- 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 Bypass Will Impact
The new 12.4-mile Bypass will be built just southwest of Greenville from the U.S. 264 Interchange to Memorial Drive, about 2.5 miles south of N.C. 102.
Seminar Date, Time, Location
Date: Thursday, February 4th
Time: 7–9 pm
Location: Courtyard by Marriott – Greenville
2225 Stantonsburg Road (U.S. 264)
Greenville, NC 27834
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 Attorney Generals 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 38 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