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02-08-2010, 08:32 AM #1
Renter
- Join Date
- Feb 2010
- Posts
- 1
Local government take over
I am planning on purchasing business in state of KY and need your help pls. I have heard rumors that business I am interested will be taken over along with several others nearby by local government I think to create other community/entertainment purpose. For whatever purpose they take over, my quesiton is will I be reimbursed for the property? And how much? How do they determine value? Do they go straight off of County Property records? Usually that's lower than actual transaction amount..
pls advice!
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02-21-2010, 10:39 PM #2
Fixer Upper
- Join Date
- Feb 2010
- Posts
- 26
If I were you I will consult a lawyer specialized in real estate because in every forum,some of us are sharing our experienced or our knowledge but we don't know exactly what you experienced and we don't know also all details,so instead of guess, I will recommend you to consult a lawyer to got some help.
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03-02-2010, 04:27 PM #3
Fixer Upper
- Join Date
- Feb 2010
- Posts
- 82
Originally Posted by Makati Condos
I absolutely agree on this. You should get your best attorney to give them some little lessons
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03-24-2010, 11:20 AM #4
Renter
- Join Date
- Nov 2009
- Location
- Dana Point
- Posts
- 13
I wouldn't go for such a thing if I was in your place.
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