“Getting a second opinion on important decisions is the American way and our “second check” system provides an opportunity for that second opinion,” Kevin Mahoney, an attorney at NC Eminent Domain Law Firm and a former NCDOT Assistant Attorney General, said.
RALEIGH, N.C. (PRWEB) December 06, 2019
The completion of the massive 540 road project in Wake County will mean the partial or complete loss of property for more than 125 properties in the area. With more than $80 million set aside for property acquisitions for the 8.7-mile section that runs from US-401 (Fayetteville Road) to the I-40/US-70 Bypass Intersection, this is one of the largest projects NCDOT will take on in 2020.
The project is launching in the middle of some internal strife within the NCDOT as budgetary impasses at the North Carolina General Assembly force the NCDOT to slow its payments to homeowners, stall its projects, and leave some property owners in an extended limbo.
However, even when the NCDOT is operating as normal, the offers some property owners receive from state officials may amount to far less than what their property is worth. Nor would these offers make up entirely for the potential danger they may face from the increase in traffic, or the frustration when faced with trying to sell their property with a greatly diminished market value, according to former NCDOT attorneys at the NC Eminent Domain Law Firm.
With so much uncertainty at the department, homeowners should be on their guard when dealing with the NCDOT.
“Property owners receive a very official offer and often think that is the ‘law’ for what they are able to receive,” said Jason Campbell, an attorney at the NC Eminent Domain Law Firm. “If an offer has been made, there may be a more complete and satisfactory offer to be gained through reappraisal and negotiations especially considering the budgetary pressure NCDOT negotiators may be under currently.”
Home and property owners are welcome to attend a free, no-obligation seminar and ask their questions on Thursday, Dec. 12, 2019, 7–9 pm, at the Hampton Inn-Raleigh/Clayton (100 Hampton Drive, Garner, NC 27529).
By North Carolina law, property owners whose land or businesses are targeted for acquisition ultimately receive an offer from the state. If the owner chooses not to accept the offer and takes no further steps, the state will still acquire the land and deposit the amount of the original offer with the County Clerk for the owner.
This is where the NC Eminent Domain Law Firm’s “second check” approach comes in. In most cases, the property owner is then free to pursue a potentially better, fairer arrangement — without losing the first offer.
If continued negotiations do not change the offer, the owner still has the first offer. But if continued negotiations are successful, the property owner will receive a “second” check in addition to the first offer.
“Knowing what is legally compensable, and having read hundreds of appraisals, there are certain things that quickly jump off the page to an experienced reader,” Kevin Mahoney, an attorney at NC Eminent Domain Law Firm and a former NCDOT Assistant Attorney General, said. “Getting a second opinion on important decisions is the American way and our “second check” system provides an opportunity for that second opinion.”
The NC Eminent Domain Law Firm is available to talk with property and business owners, and to try to answer questions about the unique circumstances regarding their individual properties. Those questions typically include:
- 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?
Property owners who have questions about this project and how it will affect them are encouraged to:
- Call the NC Eminent Domain Law Firm at 1-877-393-4990
- Attend the free, no-obligation seminar:
- Thursday, Dec. 12, 2019
- 7–9 pm
- Hampton Inn-Raleigh/Clayton (100 Hampton Drive, Garner, NC 27529)
About the NC Eminent Domain Law Firm
The NC Eminent Domain Law Firm is dedicated solely to representing property owners impacted by eminent domain law. It is led by three former Attorneys General who worked for the NC Department of Transportation handling some of their largest and most important cases. The firm’s attorneys have over 60 years of combined experience working exclusively in land condemnation. The NC Eminent Domain Law Firm is a division of the Law Offices of James Scott Farrin, which has nearly 50 attorneys, based in Durham, North Carolina, with 14 additional offices statewide: Asheville, Charlotte, Fayetteville, Greensboro, Greenville, Goldsboro, Henderson, New Bern, Raleigh, Roanoke Rapids, Rocky Mount, Sanford, Wilson, and Winton-Salem.
NC Eminent Domain Law Firm
4325 Lake Boone Trail
Raleigh, NC 27607