“This kind of decision has the potential to be life-altering, financially speaking. It’s prudent to get a second opinion before deciding, and our 'second check' system offers that opportunity,” said Kevin Mahoney, an attorney at the NC Eminent Domain Law Firm and a former NCDOT Attorney General.
ANGIER, N.C. (PRWEB) May 27, 2021
A massive project to relocate and widen NC 55, bypassing Angier, will soon lead dozens of property owners in Wake and Harnett Counties into negotiations with the NCDOT.
The first two sections of the NC 55 construction project will affect approximately 140 homes and businesses along an 8.9-mile section of highway, largely to be built on new location, stretching from Doug Johnson Lane in Angier to Jicarilla Lane in Willow Spring.
The NCDOT has set aside more than $25 million to compensate owners whose property is being taken.
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 property owners 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.
Property owners affected by this project are invited to attend, at no obligation whatsoever, a virtual seminar to learn more about their rights.
- Virtual Seminar Details:
- - June 10, 2021 - 7-9 p.m.
- - Register here for seminar
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.
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 raise the amount, the owner still has the original 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 the NC Eminent Domain Law Firm and a former NCDOT Attorney General, said. “This kind of decision has the potential to be life-altering, financially speaking. It’s prudent to get a second opinion before deciding, and our 'second check' system offers that opportunity.”
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 virtual seminar.
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 Assistant 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 70 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 more than 50 attorneys, based in Durham, North Carolina, with 15 additional offices statewide: Asheville, Charlotte, Fayetteville, Goldsboro, Greensboro, Greenville, Henderson, Morganton, New Bern, Raleigh, Roanoke Rapids, Rocky Mount, Sanford, Wilson, and Winston-Salem.
NC Eminent Domain Law Firm
4325 Lake Boone Trail
Raleigh, NC 27607